South Dakota Codified Laws 58-14-16.4. List of qualified jurisdictions from which domiciled insurer eligible for consideration for certification
Current as of: 2023 | Check for updates
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The director shall create and publish a list of qualified jurisdictions, under which an assuming insurer licensed and domiciled in the jurisdiction is eligible to be considered for certification by the director as a certified reinsurer.
If a certified reinsurer’s domiciliary jurisdiction ceases to be a qualified jurisdiction, the director has the discretion to suspend the reinsurer’s certification indefinitely, in lieu of revocation.
Terms Used In South Dakota Codified Laws 58-14-16.4
- 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.
Source: SL 2017, ch 211, § 15.