§ 58-6-1 Certificate of authority required for transaction of insurance business–Exceptions–Violation as misdemeanor
§ 58-6-2 Solicitation of insurance or transacting business in another state by insurer in this state without certificate of authority prohibited–Misdemeanor
§ 58-6-3 Preemption of field of insurance regulation by state–Licensing by political subdivisions prohibited
§ 58-6-4 Activities excepted from certificate of authority requirements
§ 58-6-5 Foreign insurer–Investments in state without a certificate of authority
§ 58-6-6 Eligibility of insurer for certificate of authority
§ 58-6-7 Eligibility of insurer for certificate of authority–Necessity for maintenance of required reserves
§ 58-6-8 Denial of authority to engage in business when contrary to public interest–Denial when managed by unqualified personnel–Affiliates
§ 58-6-9 Continuance of authorization of prior authorized mutual and stock insurers–Participating policyholders–Quorum–Proxies–Issuance of nonvoting participating policies
§ 58-6-10 Governmentally owned insurers prohibited–Exceptions
§ 58-6-11 Readmission to state as an authorized insurer–Requirements–Payment of back premium taxes
§ 58-6-12 Unauthorized insurers–Application of insurer violating insurance laws for authority to transact insurance in state–Payment of back premium taxes
§ 58-6-13 Foreign insurance companies–Compliance with requirements for admissions to do business in state–Waiver
§ 58-6-14 Use of deceptively similar name prohibited
§ 58-6-15 Use of deceptively similar name by life insurer prohibited for ten years
§ 58-6-16 Use of name deceptively similar to name of foreign insurer prohibited
§ 58-6-17 Name tending to deceive or mislead as to type of organization of insurer prohibited
§ 58-6-18 Prevention of confusing similarity of names by director
§ 58-6-19 Combination of insuring power of one insurer–Exception
§ 58-6-20 Life insurer–Kinds of business authorized, exception
§ 58-6-21 Reciprocal insurer–Transaction of life or title insurance prohibited
§ 58-6-22 Title insurer–Transaction of other insurance prohibited
§ 58-6-23 Paid-in capital and surplus requirements for certificate of authority
§ 58-6-24 Determination of capital and surplus requirements for certificate of authority
§ 58-6-25 Additional types of insurance–Request for authority to transact within three years after issuance of initial certificate–Basic surplus or additional surplus required
§ 58-6-26 Surplus to qualify to transact one or more kinds of insurance by domestic mutual and reciprocal insurers–Laws governing
§ 58-6-27 Continuation of authority of insurer holding prior certificate–Maintenance of capital stock or surplus requirements
§ 58-6-28 Additional kinds of insurance authorized for insurer holding prior certificate–Capital and surplus requirements
§ 58-6-29 Annuities–Granting by life insurer without additional capital or surplus
§ 58-6-30 Health insurer issuing insurance against congenital defects without additional capital or surplus
§ 58-6-31 Casualty insurer transacting health insurance without additional capital or surplus
§ 58-6-32 Property insurer including additional kinds of insurance without additional capital or surplus
§ 58-6-33 Deposit by all insurers–Exceptions
§ 58-6-34 Deposits through director–Purpose–Amounts required–Deposits in other states in lieu of deposit with director
§ 58-6-35 Deposits of foreign or alien insurers in another state–Quality of cash or securities
§ 58-6-36 Deposit of title insurer–Amount required
§ 58-6-37 Deposit of title insurer as guaranty fund–Purpose
§ 58-6-38 Application for initial certificate of authority–Documents accompanying
§ 58-6-39 Service of process through director
§ 58-6-40 Time for approval or disapproval of original certificate–Extension–Failure to disapprove deemed approval
§ 58-6-41 Kinds of insurance specified in certificate–Limitations within class
§ 58-6-42 Annual reissuance of certificate not required–Annual renewal fee–Expiration of certificate
§ 58-6-43 Foreign insurer exempt from foreign corporation laws
§ 58-6-44 Refusal to renew or suspension or revocation of certificate, grounds
§ 58-6-45 Hearing required on refusal to issue, suspension or revocation of certificate
§ 58-6-46 Grounds for refusal to renew, suspension, or revocation of certificate
§ 58-6-47 Suspension or revocation of certificate after hearing, grounds
§ 58-6-48 Suspension of certificate on commencement of delinquency proceedings
§ 58-6-49 Order of suspension, revocation, or refusal to renew certificate–Replacement of policies
§ 58-6-50 Notice to insurance producers of suspension, revocation, or refusal to renew certificate–Insurance Producers’ authority
§ 58-6-51 Publication of notice of suspension, revocation, or refusal to renew certificate of authority
§ 58-6-52 Duration of suspension of certificate of authority–Rescission or shortening
§ 58-6-53 Rights and obligations of insurer during suspension
§ 58-6-54 Reinstatement of certificate of authority which has not terminated where cause for suspension no longer exists
§ 58-6-55 Reinstatement of authority of insurance producers–Notice to insurer and insurance producers
§ 58-6-56 Suspension, revocation, or refusal to renew certificate because of deficiency of assets or impairment of capital or surplus–Cessation of business in state
§ 58-6-57 Failure to notify or continuation of business after notice as felony
§ 58-6-58 Impairment of assets, capital, or surplus–Suspension, revocation, or refusal to renew certificate of authority–Rehabilitator or receiver of insurer not required to notify agents
§ 58-6-59 Liability of officers and directors of impaired insurers
§ 58-6-60 Notice to insurer and insurance producers of refusal, suspension, or revocation of certificate
§ 58-6-61 Suspension or revocation of authority of insurance producers–Notice by director
§ 58-6-67 Contract not invalidated by violation of countersignature requirements
§ 58-6-68 Insurers subject to taxation–Filing of returns and reports–Exemption of qualified pension, annuity, or profit-sharing plans
§ 58-6-69 Report and payment of tax by surplus line brokers
§ 58-6-70 Retaliatory tax provisions–Exception
§ 58-6-71 Exemption from retaliatory tax provisions
§ 58-6-72 Domicile of alien insurer for retaliatory tax purposes
§ 58-6-73 Domicile of Canadian insurer for retaliatory tax purposes
§ 58-6-74 Dissolution or retirement of insurer during year–Filing of reports and collection of taxes not defeated
§ 58-6-75 Annual and quarterly statement of financial condition of insurer–Filing with director–Form and contents–Timeliness of filing
§ 58-6-76 Summary of statement of financial condition of insurer–Publication by director
§ 58-6-77 Time for publication of summary statement by director–Publication in judicial circuits
§ 58-6-78 Director to supply summary statement to each legal newspaper published in each judicial circuit–Recognition of legal newspaper
§ 58-6-79 Publication requirements do not apply to fraternal or benevolent life association transactions nor to mutual insurance companies or associations
§ 58-6-80 Confidentiality of analysis ratios and examination synopses–Participation in regulatory information system
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Terms Used In South Dakota Codified Laws > Title 58 > Chapter 6 - Authority to Transact Insurance in State

  • Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
  • Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
  • Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Contract: A legal written agreement that becomes binding when signed.
  • Dismissal: The dropping of a case by the judge without further consideration or hearing. Source:
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Fraud: Intentional deception resulting in injury to another.
  • Insurance business: includes the transaction of all matters pertaining to a contract of insurance, both before and after the effectuation of that contract, and all matters arising out of that contract or any claim thereunder. See South Dakota Codified Laws 58-1-2
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
  • Personal property: All property that is not real property.
  • Personal property: includes money, goods, chattels, things in action, and evidences of debt. See South Dakota Codified Laws 2-14-2
  • Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2
  • Quorum: The number of legislators that must be present to do business.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • State: when used in context signifying a jurisdiction other than the State of South Dakota, a state, the District of Columbia, a territory, commonwealth, or possession of the United States of America, or a province of the Dominion of Canada. See South Dakota Codified Laws 58-1-2
  • Statute: A law passed by a legislature.
  • written: include typewriting and typewritten, printing and printed, except in the case of signatures, and where the words are used by way of contrast to typewriting and printing. See South Dakota Codified Laws 2-14-2