10-44-5. Functions of regional home office and principal office--Rules.
99 words·~1 min read·
/sd/title-10/chapter-10-44/10-44-5A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A regional home office, for the purposes of § 10-44-4 , means an office performing, for an area covering one or more states, the following functions: the marketing, claims, underwriting, and policyholder servicing. A regional home office may also perform the following functions: actuarial; medical (where required); law; advertising and publications; public relations; and supervision and training of sales and service forces. A principal office shall perform the same functions in addition to decision making and corporate activities. The director may promulgate rules pursuant to chapter 1-26 to define the functions that qualify for the regional home office credit.