Reciprocal Insurers

  1. Law
  2. South Dakota Codified Laws
  3. Insurance
  4. Reciprocal Insurers

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Section
58-34-1

Reciprocal insurance defined.

Section
58-34-2

Reciprocal insurer defined.

Section
58-34-3

Attorney defined.

Section
58-34-4

Application of chapter to foreign reciprocal insurers.

Section
58-34-5

Compliance required of existing insurers.

Section
58-34-6

Organization of insurer--Number of persons required.

Section
58-34-7

Application for certificate of authority--Execution and filing--Contents.

Section
58-34-8

Bond of attorney in fact--Filing with and approval by director.

Section
58-34-9

Amount and conditions of bond.

Section
58-34-10

Advance notice of cancellation of bond.

Section
58-34-11

Deposit in lieu of bond.

Section
58-34-12

Action on bond or to recover against deposit.

Section
58-34-13

Business name of insurer--Use in suits by and against.

Section
58-34-14

Surplus funds of domestic reciprocal insurer--Amounts required.

Section
58-34-15

Additional expendable surplus required of new insurer.

Section
58-34-16

Additional kinds of insurance transacted--Minimum amount of surplus funds.

Section
58-34-17

Surplus funds of existing insurers--Laws governing.

Section
58-34-18

Issuance of certificate of authority.

Section
58-34-19

Refusal, suspension, or revocation of certificate of authority--Grounds.

Section
58-34-20

Rights and powers of attorney provided by subscribers' agreement.

Section
58-34-21

Power of attorney--Form and contents.

Section
58-34-22

Power of attorney--Terms--Approval by director.

Section
58-34-23

Service of legal process upon domestic insurer.

Section
58-34-24

Liability of subscribers for judgment against insurer--Service of legal process.

Section
58-34-25

Eligibility to become subscriber.

Section
58-34-26

Authority of corporation to exchange insurance contracts.

Section
58-34-27

Representatives of subscribers not liable on contract.

Section
58-34-28

Advisory committee representing subscribers--Selection.

Section
58-34-29

Advisory committee--Qualifications of members.

Section
58-34-30

Powers of advisory committee.

Section
58-34-31

Modification of subscribers' agreement or power of attorney.

Section
58-34-32

Kinds of business transacted--Life or title insurance excepted.

Section
58-34-33

Reinsurance authorized.

Section
58-34-34

Advance of funds to insurer.

Section
58-34-35

Liability of subscribers several and proportionate.

Section
58-34-36

Contingent assessment liability of subscriber.

Section
58-34-37

Contingent liability stated in assessable policy.

Section
58-34-38

Assessments against subscribers--Authority for levy.

Section
58-34-39

Computation of amounts of assessments--Ratio of deficiency to premiums earned.

Section
58-34-40

Earned premiums, computation for purpose of assessments.

Section
58-34-41

Offset of claim for unearned premium against assessment prohibited.

Section
58-34-42

Time limit for levy of assessment.

Section
58-34-43

Aggregate liability of subscriber--Maximum in one year.

Section
58-34-44

Subscriber not liable until final judgment against insurer.

Section
58-34-45

Limited liability of subscriber on judgment.

Section
58-34-46

Nonassessable policies--Authorization for issuance--Extinguishment of contingent liability.

Section
58-34-47

Extinguishment of contingent liability of all subscribers required for authorization of nonassessable policies.

Section
58-34-48

Impairment of surplus required for nonassessable policies--Revocation of extinguishment authority.

Section
58-34-49

Savings--Distribution to subscribers.

Section
58-34-50

Liquidation--Distribution of remaining assets to subscribers.

Section
58-34-51

Annual statement of insurer--Filing.

Section
58-34-52

Annual statement--Supplemental information required by director.

Section
58-34-53

Determination of financial condition--Rules applied by director.

Section
58-34-54

Premium deposits as assets.

Section
58-34-55

Surplus deposits--Allowance as assets.

Section
58-34-56

Uncollected assessments not allowed as assets.

Section
58-34-57

Contingent liability of subscribers not allowed as asset.

Section
58-34-58

Reserves charged as liabilities.

Section
58-34-59

Computation of reserves.

Section
58-34-60

Surplus deposits of subscribers not a liability.

Section
58-34-61

Merger or conversion prohibited.

Section
58-34-62

Impairment of surplus--Deficiency to be made up.

Section
58-34-63

Failure to make up deficiency--Insurer deemed insolvent.

Section
58-34-64

Liquidation of insurer ordered--Levy of assessment against subscribers.