South Dakota Codified Laws 58-28-26. Factors considered by director in examining variable contracts
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In connection with § 58-28-25, the director shall consider among other things:
(1) The history and financial condition of the insurer;
Terms Used In South Dakota Codified Laws 58-28-26
- State: when used in context signifying a jurisdiction other than the State of South Dakota, a state, the District of Columbia, a territory, commonwealth, or possession of the United States of America, or a province of the Dominion of Canada. See South Dakota Codified Laws 58-1-2
(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.