58-28-26. Factors considered by director in examining variable contracts.
In connection with §58-28-25, the director shall consider among other things:
(1)The history and financial condition of the insurer;
(2)The character, responsibility, and fitness of the officers and directors of the insurer; and
(3)The law and regulation under which the insurer is authorized in the state of domicile to issue variable contracts.
Source: SL 1966, ch 111, ch 6, §36 (9) as added by SL 1967, ch 131; SDCL, §58-28-10; SL 1971, ch 266, §3.