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South Dakota Laws > Title 58 > Chapter 14 - Reinsurance

South Dakota Laws > Title 58 > Chapter 14 - Reinsurance


Current as of: 2010
§ 58-14-1Reinsurance defined
§ 58-14-3Risk limits applicable
§ 58-14-4Credit not allowable as an asset or deduction from liability to ceding insurer--Exceptions--Payments
§ 58-14-4.1Association election to succeed to rights and obligations of insolvent insurer under reinsurance contract--Reinsurer's liability to pay claims
§ 58-14-4.2Liquidator of insolvent ceding insurer to provide notice to reinsurer of claim against ceding insurer--Investigation and election to interpose defense
§ 58-14-5Reinsurance contracts filed by ceding insurer--Cancellation or material change, duty to inform director
§ 58-14-6Original insured--No interest in reinsurance
§ 58-14-7Credit for reinsurance allowed for domestic ceding insurer as asset or deduction
§ 58-14-8Credit allowed for reinsurance if assuming insurer licensed in state
§ 58-14-9Requirements for reinsurer to be accredited
§ 58-14-10A lien assuming insurer--Standards--Surplus required--Examination of records
§ 58-14-11Credit for reinsurance ceded to insurer maintaining trust fund for payment of valid claims--Annual report of assuming insurer
§ 58-14-12Amount of trust for group of incorporated assuming insurers--Compliance with requirements
§ 58-14-13Establishment of trust--Annual report of balance and investments--Certification of termination of trust
§ 58-14-14Reinsurance credit for certain insurers limited to risks in foreign or alien jurisdictions
§ 58-14-15Allowance of credit for certain insurers not licensed or accredited in state
§ 58-14-16Deduction from liability for reinsurance ceded to insurer not meeting requirements of §§ 58-14-7 to 58-14-15--Security
§ 58-14-17Promulgation of rules
§ 58-14-18Application of reinsurance provisions
§ 58-14-19Substantially similar defined
§ 58-14-21Reinsurer defined--Examination of reinsurer
§ 58-14-22Application of chapter
§ 58-14-23Qualified United States financial institution defined for eligibility to act as fiduciary of a trust
§ 58-14-24Definition of terms
§ 58-14-25Persons not agents
§ 58-14-26License required to sell, solicit, negotiate, or place reinsurance
§ 58-14-27Agent or broker bond--Errors and omissions policy
§ 58-14-28Refusal to license--Reasons
§ 58-14-29Written contract between agent or broker and insurer or reinsurer
§ 58-14-30Records of reinsurance contracts
§ 58-14-31Insurer or reinsurer to employ only licensed agent or broker
§ 58-14-32Approval and filing of contract
§ 58-14-33Additional provisions of contract
§ 58-14-34Handling of reinsurer
§ 58-14-35Restrictions on agent
§ 58-14-36Loss reserves--Actuary's opinion--Employee of agent or broker not to be appointed to reinsurer's board of directors
§ 58-14-37Examination of agent or broker--Cost
§ 58-14-38Penalty for violation
§ 58-14-39Rights of third party
§ 58-14-40Adoption of rules
§ 58-14-41Compliance with and application of §§ 58-14-24 to 58-14-42
§ 58-14-42Qualified United States financial institution
§ 58-14-43Restrictions on brokers connected to a firm or association
§ 58-14-44Restrictions on who may act as agent

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