§ 58-48-1 Definitions
§ 58-48-2 Grounds for innovation waiver
§ 58-48-3 Waiver not to restrict policyholder recovery or restrict director’s authority
§ 58-48-4 Limited scope of waiver
§ 58-48-5 Application for waiver–Persons excluded from waiver application
§ 58-48-6 Application review–Additional information required
§ 58-48-7 Grant or denial of waiver–Duration of waiver–Waiver deemed authority to act
§ 58-48-8 Conditions on innovation waiver
§ 58-48-9 Waiver participants–Deposit or bond
§ 58-48-10 Consumer disclosures–Digital disclosure receipts
§ 58-48-11 Public notice of granted waiver
§ 58-48-12 Record keeping by participants
§ 58-48-13 Termination of waivers
§ 58-48-14 Termination for failure–Termination by director
§ 58-48-15 No guaranty association coverage for waivers
§ 58-48-16 Confidentiality of waiver application and materials

Terms Used In South Dakota Codified Laws > Title 58 > Chapter 48 - Insurance Innovation Waivers

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • 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.
  • Discovery: Lawyers' examination, before trial, of facts and documents in possession of the opponents to help the lawyers prepare for trial.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Fraud: Intentional deception resulting in injury to another.
  • Insurance business: includes the transaction of all matters pertaining to a contract of insurance, both before and after the effectuation of that contract, and all matters arising out of that contract or any claim thereunder. See South Dakota Codified Laws 58-1-2
  • 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.
  • Nolo contendere: No contest-has the same effect as a plea of guilty, as far as the criminal sentence is concerned, but may not be considered as an admission of guilt for any other purpose.
  • Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
  • Plea: In a criminal case, the defendant's statement pleading "guilty" or "not guilty" in answer to the charges, a declaration made in open court.
  • 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
  • Subpoena: A command to a witness to appear and give testimony.
  • 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