§ 58-7-1 Amounts required to be deposited by domestic insurers–Financial institutions to report to director
§ 58-7-2 Assets acceptable for deposit of reserves
§ 58-7-3 Credit of other deposit against reserve deposit
§ 58-7-4 Annual deposit of additional securities to cover increase of reserves
§ 58-7-5 Ineligibility for deposit of securities in default
§ 58-7-6 Authorized deposits of insurers
§ 58-7-7 Purpose of deposits
§ 58-7-8 Certificates of deposit–Eligible securities–Purpose of deposits
§ 58-7-9 Deposit of domestic insurer held in this state pursuant to laws of another state or country–Assets comprising–Protection of all policyholders of insurer
§ 58-7-10 Deposits of reserves of domestic life insurer–Assets comprising–Holding for common benefit of policyholders and annuity contracts
§ 58-7-11 Deposits of reserves of domestic insurers other than life–Holding for common benefit of all policyholders
§ 58-7-12 Deposits of foreign insurers–Assets comprising–Holding for purposes required by law and as specified by director
§ 58-7-13 Assignment to director of securities not negotiable by delivery–Power of attorney
§ 58-7-14 Real estate used as deposit–Deed of trust, execution, and recording prior to deposit with director–Appraisal required
§ 58-7-16 Record by director of assets deposited
§ 58-7-17 Release of assigned security–Reassignment to insurer or other person
§ 58-7-18 Deposit of reserves in financial institutions
§ 58-7-20 Terms of depository or custodial arrangements for deposit of reserves
§ 58-7-21 Forms and terms of depository or custodial arrangement
§ 58-7-22 Compensation and expenses of depository or custodian borne by insurer
§ 58-7-23 Nonliability of director and state for safekeeping by custodian
§ 58-7-24 Custodial arrangements–Termination by director–New arrangements
§ 58-7-25 Effect of deposit in foreign state
§ 58-7-26 Sufficiency of deposit–Valuation of assets
§ 58-7-27 Decline in market value of deposited assets–Deposit of additional assets or securities
§ 58-7-28 Appraisal or valuation of deposited assets or securities–Cost borne by insurer
§ 58-7-29 Deposit exceeding requirements–Release to insurer upon request–Release during insolvency of insurer
§ 58-7-30 Right of insurer to deposited assets and securities during solvency
§ 58-7-31 Levy upon deposited assets and securities
§ 58-7-32 Deposits by foreign or alien insurers not subject to taxation
§ 58-7-33 Duration of deposit of assets and securities
§ 58-7-34 Release of deposit on request of domestic insurer
§ 58-7-35 Return of deposit of foreign insurer
§ 58-7-36 Return of deposit upon merger or consolidation of insurer
§ 58-7-37 Insurer subject to delinquency proceedings–Surrender of deposited assets and securities to authorized officer of court
§ 58-7-38 Release of deposited assets–Terms–Nonliability of director acting in good faith
§ 58-7-39 Certain depository or custodial requirements superseded
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Terms Used In South Dakota Codified Laws > Title 58 > Chapter 7 - Insurers' Deposits With State

  • 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.
  • Appraisal: A determination of property value.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • 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.
  • 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
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
  • Power of attorney: A written instrument which authorizes one person to act as another's agent or attorney. The power of attorney may be for a definite, specific act, or it may be general in nature. The terms of the written power of attorney may specify when it will expire. If not, the power of attorney usually expires when the person granting it dies. Source: OCC
  • Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2
  • 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
  • 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