South Dakota Codified Laws 58-23A-4. Data required on disposition of claims
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The following data and information shall be furnished by the insurance company to the division within thirty days from any judgment, settlement, or other dismissal involving the insured:
(1) Date of any judgment, settlement, or other dismissal;
Terms Used In South Dakota Codified Laws 58-23A-4
- Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
- Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- Dismissal: The dropping of a case by the judge without further consideration or hearing. Source:
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
(2) Whether any appeal has been taken and by which party;
(3) Amount of any judgment against the insured;
(4) Amount of any settlement paid on behalf of the insured, whether such settlement was negotiated by suit or without the filing of a complaint for damages; and
(5) If consideration was not paid on behalf of the insured and a judgment of no cause for action was not entered, the reason for any dismissal.
Source: SL 1976, ch 316, § 4.