South Dakota Codified Laws 58-44-3. Application of chapter based on gross written premium on business placed with controlledinsurer
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The provisions of this chapter apply if, in any calendar year, the aggregate amount of gross written premium on business placed with a controlled insurer by a controlling broker is equal to or greater than five percent of the admitted assets of the controlled insurer, as reported in the controlled insurers’ quarterly statement filed as of September thirtieth of the prior year.
Terms Used In South Dakota Codified Laws 58-44-3
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- written: include typewriting and typewritten, printing and printed, except in the case of signatures, and where the words are used by way of contrast to typewriting and printing. See South Dakota Codified Laws 2-14-2
Source: SL 1992, ch 358, § 3.