South Dakota Codified Laws 58-6A-4. Financial information submitted to director
Any risk retention group doing business in this state shall submit to the director:
(1) A copy of the group’s financial statement submitted to its state of domicile, which shall be certified by an independent public accountant and contain a statement of opinion on loss and loss adjustment expense reserves made by a member of the American Academy of Actuaries or a qualified loss reserve specialist under criteria established by the National Association of Insurance Commissioners;
Terms Used In South Dakota Codified Laws 58-6A-4
- 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) A copy of each examination of the risk retention group as certified by the director or public official conducting the examination;
(3) Upon request by the director, a copy of any audit performed with respect to the risk retention group; and
(4) Such information as may be required to verify its continuing qualification as a risk retention group under this chapter.
Source: SL 1987, ch 372, § 4.