58-28-26. Factors considered by director in examining variable contracts.
57 words·~1 min read·
/sd/title-58/chapter-58-28/58-28-26·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In connection with § 58-28-25 , the director shall consider among other things:
(1)The history and financial condition of the insurer;
(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.