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South Dakota Codified Laws
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Reinsurance
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Section
58-14-1
"Reinsurance" defined.
Section
58-14-2
58-14-2.Repealed by SL 1992, ch 344, §13
Section
58-14-3
Risk limits applicable.
Section
58-14-4
Credit not allowable as an asset or deduction from liability to ceding insurer--Exceptions--Payments.
Section
58-14-4.1
Association election to succeed to rights and obligations of insolvent insurer under reinsurance contract--Reinsurer's liability to pay claims.
Section
58-14-4.2
Liquidator of insolvent ceding insurer to provide notice to reinsurer of claim against ceding insurer--Investigation and election to interpose defense.
Section
58-14-5
Reinsurance contracts filed by ceding insurer--Cancellation or material change, duty to inform director.
Section
58-14-6
Original insured--No interest in reinsurance.
Section
58-14-7
Credit for reinsurance allowed for domestic ceding insurer as asset or reduction.
Section
58-14-8
Credit allowed for reinsurance if assuming insurer licensed in state.
Section
58-14-9
Requirements for reinsurer to be accredited.
Section
58-14-10
A lien assuming insurer--Standards--Surplus required--Examination of records.
Section
58-14-11
Credit for reinsurance ceded to insurer maintaining trust fund for payment of valid claims--Annual report of assuming insurer.
Section
58-14-11.1
Trust fund requirements for single assuming insurer.
Section
58-14-12
Trust fund requirements for group of incorporated underwriters.
Section
58-14-12.1
Trust fund requirements for group including incorporated and individual unincorporated underwriters.
Section
58-14-13
Establishment of trust--Annual report of balance and investments--Certification of termination of trust.
Section
58-14-14
Reinsurance credit for certain insurers limited to risks in foreign or alien jurisdictions.
Section
58-14-15
Allowance of credit for certain insurers not licensed, certified, or accredited in state.
Section
58-14-16
Asset or reduction from liability for reinsurance ceded to insurer not meeting requirements of § 58-14-7--Security.
Section
58-14-16.1
Credit allowed for reinsurance ceded to certified reinsurer.
Section
58-14-16.2
Eligibility for certification as reinsurer.
Section
58-14-16.3
Eligibility for certification of association including incorporated and individual unincorporated underwriters.
Section
58-14-16.4
List of qualified jurisdictions from which domiciled insurer eligible for consideration for certification.
Section
58-14-16.5
Eligibility of non-United States domiciliary jurisdiction to be recognized as qualified jurisdiction.
Section
58-14-16.6
National Association of Insurance Commissioners' list of qualified jurisdictions.
Section
58-14-16.7
Rating of certified reinsurer.
Section
58-14-16.8
Obligations assumed from United States ceding insurers to be secured consistent with rating.
Section
58-14-16.9
Security required for domestic ceding insurer to qualify for full financial statement credit for reinsurance ceded to certified reinsurer.
Section
58-14-16.10
Trust accounts of certified reinsurer securing obligations as multibeneficiary trust.
Section
58-14-16.11
Minimum trusteed surplus requirements.
Section
58-14-16.12
Reduction in allowable credit for insufficient security.
Section
58-14-16.13
Terminated or suspended certification--Inactive status.
Section
58-14-16.14
Applicant for certification certified as reinsurer in National Association of Insurance Commissioners accredited jurisdiction.
Section
58-14-16.15
Inactive certified reinsurers.
Section
58-14-16.16
Management and notice requirements regarding ceding insurer's reinsurance recoverables.
Section
58-14-16.17
Diversification of ceding insurer's reinsurance program--Notice requirements.
Section
58-14-16.18
Qualified United States financial institution defined for purposes of subdivision 58-14-16(3).
Section
58-14-16.19
Trust agreement conditions for assuming insurers not meeting certain requirements.
Section
58-14-16.20
Suspension or revocation of reinsurer' s accreditation or certification.
Section
58-14-16.21
Credit for reinsurance during suspension or revocation.
Section
58-14-16.22
Fees.
Section
58-14-16.23
Credit for reinsurance for reinsurers in reciprocal jurisdictions--Eligibility requirements.
Section
58-14-16.24
Credit for reinsurance for reinsurers in reciprocal jurisdictions--Capital and surplus requirements.
Section
58-14-16.25
Credit for reinsurance for reinsurers in reciprocal jurisdictions--Adequate assurances required.
Section
58-14-16.26
Documents that must be provided to the division.
Section
58-14-16.27
Prompt payment practices.
Section
58-14-16.28
List or reciprocal jurisdictions to be published.
Section
58-14-16.29
List of assuming insurers.
Section
58-14-16.30
Assuming insurers that no longer meet one or more requirements.
Section
58-14-16.31
Procedure for denying statement credit.
Section
58-14-16.32
Assuming insurers in receivership.
Section
58-14-16.33
Effective date for reinsurers in reciprocal jurisdictions.
Section
58-14-16.34
Application of reciprocal jurisdiction laws.
Section
58-14-17
Promulgation of rules.
Section
58-14-18
Application of reinsurance provisions.
Section
58-14-19
"Substantially similar" defined.
Section
58-14-20
Disallowal of credit or deduction.
Section
58-14-21
"Reinsurer" defined--Examination of reinsurer.
Section
58-14-22
Application of chapter.
Section
58-14-23
"Qualified United States financial institution" defined for eligibility to act as fiduciary of a trust.
Section
58-14-24
Definition of terms.
Section
58-14-25
Persons not agents.
Section
58-14-26
License required to sell, solicit, negotiate, or place reinsurance.
Section
58-14-27
Agent or broker bond--Errors and omissions policy.
Section
58-14-28
Refusal to license--Reasons.
Section
58-14-29
Written contract between agent or broker and insurer or reinsurer.
Section
58-14-30
Records of reinsurance contracts.
Section
58-14-31
Insurer or reinsurer to employ only licensed agent or broker.
Section
58-14-32
Approval and filing of contract.
Section
58-14-33
Additional provisions of contract.
Section
58-14-34
Handling of reinsurer.
Section
58-14-35
Restrictions on agent.
Section
58-14-36
Loss reserves--Actuary's opinion--Employee of agent or broker not to be appointed to reinsurer's board of directors.
Section
58-14-37
Examination of agent or broker--Cost.
Section
58-14-38
Penalty for violation.
Section
58-14-39
Rights of third party.
Section
58-14-40
Adoption of rules.
Section
58-14-41
Compliance with and application of §§ 58-14-24 to 58-14-42.
Section
58-14-42
Qualified United States financial institution.
Section
58-14-43
Restrictions on brokers connected to a firm or association.
Section
58-14-44
Restrictions on who may act as agent.