South Dakota

58-14-1. "Reinsurance" defined.

58-14-2. 58-14-2. Repealed by SL 1992, ch 344, § 13

58-14-3. Risk limits applicable.

58-14-4. Credit not allowable as an asset or deduction from liability to ceding insurer--Exceptions--Payments.

58-14-4.1. Association election to succeed to rights and obligations of insolvent insurer under reinsurance contract--Reinsurer's liability to pay claims.

58-14-4.2. Liquidator of insolvent ceding insurer to provide notice to reinsurer of claim against ceding insurer--Investigation and election to interpose defense.

58-14-5. Reinsurance contracts filed by ceding insurer--Cancellation or material change, duty to inform director.

58-14-6. Original insured--No interest in reinsurance.

58-14-7. Credit for reinsurance allowed for domestic ceding insurer as asset or reduction.

58-14-8. Credit allowed for reinsurance if assuming insurer licensed in state.

58-14-9. Requirements for reinsurer to be accredited.

58-14-10. A lien assuming insurer--Standards--Surplus required--Examination of records.

58-14-11. Credit for reinsurance ceded to insurer maintaining trust fund for payment of valid claims--Annual report of assuming insurer.

58-14-11.1. Trust fund requirements for single assuming insurer.

58-14-12. Trust fund requirements for group of incorporated underwriters.

58-14-12.1. Trust fund requirements for group including incorporated and individual unincorporated underwriters.

58-14-13. Establishment of trust--Annual report of balance and investments--Certification of termination of trust.

58-14-14. Reinsurance credit for certain insurers limited to risks in foreign or alien jurisdictions.

58-14-15. Allowance of credit for certain insurers not licensed, certified, or accredited in state.

58-14-16. Asset or reduction from liability for reinsurance ceded to insurer not meeting requirements of § 58-14-7--Security.

58-14-16.1. Credit allowed for reinsurance ceded to certified reinsurer.

58-14-16.2. Eligibility for certification as reinsurer.

58-14-16.3. Eligibility for certification of association including incorporated and individual unincorporated underwriters.

58-14-16.4. List of qualified jurisdictions from which domiciled insurer eligible for consideration for certification.

58-14-16.5. Eligibility of non-United States domiciliary jurisdiction to be recognized as qualified jurisdiction.

58-14-16.6. National Association of Insurance Commissioners' list of qualified jurisdictions.

58-14-16.7. Rating of certified reinsurer.

58-14-16.8. Obligations assumed from United States ceding insurers to be secured consistent with rating.

58-14-16.9. Security required for domestic ceding insurer to qualify for full financial statement credit for reinsurance ceded to certified reinsurer.

58-14-16.10. Trust accounts of certified reinsurer securing obligations as multibeneficiary trust.

58-14-16.11. Minimum trusteed surplus requirements.

58-14-16.12. Reduction in allowable credit for insufficient security.

58-14-16.13. Terminated or suspended certification--Inactive status.

58-14-16.14. Applicant for certification certified as reinsurer in National Association of Insurance Commissioners accredited jurisdiction.

58-14-16.15. Inactive certified reinsurers.

58-14-16.16. Management and notice requirements regarding ceding insurer's reinsurance recoverables.

58-14-16.17. Diversification of ceding insurer's reinsurance program--Notice requirements.

58-14-16.18. Qualified United States financial institution defined for purposes of subdivision 58-14-16(3).

58-14-16.19. Trust agreement conditions for assuming insurers not meeting certain requirements.

58-14-16.20. Suspension or revocation of reinsurer' s accreditation or certification.

58-14-16.21. Credit for reinsurance during suspension or revocation.

58-14-16.22. Fees.

58-14-16.23. Credit for reinsurance for reinsurers in reciprocal jurisdictions--Eligibility requirements.

58-14-16.24. Credit for reinsurance for reinsurers in reciprocal jurisdictions--Capital and surplus requirements.

58-14-16.25. Credit for reinsurance for reinsurers in reciprocal jurisdictions--Adequate assurances required.

58-14-16.26. Documents that must be provided to the division.

58-14-16.27. Prompt payment practices.

58-14-16.28. List or reciprocal jurisdictions to be published.

58-14-16.29. List of assuming insurers.

58-14-16.30. Assuming insurers that no longer meet one or more requirements.

58-14-16.31. Procedure for denying statement credit.

58-14-16.32. Assuming insurers in receivership.

58-14-16.33. Effective date for reinsurers in reciprocal jurisdictions.

58-14-16.34. Application of reciprocal jurisdiction laws.

58-14-17. Promulgation of rules.

58-14-18. Application of reinsurance provisions.

58-14-19. "Substantially similar" defined.

58-14-20. Disallowal of credit or deduction.

58-14-21. "Reinsurer" defined--Examination of reinsurer.

58-14-22. Application of chapter.

58-14-23. "Qualified United States financial institution" defined for eligibility to act as fiduciary of a trust.

58-14-24. Definition of terms.

58-14-25. Persons not agents.

58-14-26. License required to sell, solicit, negotiate, or place reinsurance.

58-14-27. Agent or broker bond--Errors and omissions policy.

58-14-28. Refusal to license--Reasons.

58-14-29. Written contract between agent or broker and insurer or reinsurer.

58-14-30. Records of reinsurance contracts.

58-14-31. Insurer or reinsurer to employ only licensed agent or broker.

58-14-32. Approval and filing of contract.

58-14-33. Additional provisions of contract.

58-14-34. Handling of reinsurer.

58-14-35. Restrictions on agent.

58-14-36. Loss reserves--Actuary's opinion--Employee of agent or broker not to be appointed to reinsurer's board of directors.

58-14-37. Examination of agent or broker--Cost.

58-14-38. Penalty for violation.

58-14-39. Rights of third party.

58-14-40. Adoption of rules.

58-14-41. Compliance with and application of §§ 58-14-24 to 58-14-42.

58-14-42. Qualified United States financial institution.

58-14-43. Restrictions on brokers connected to a firm or association.

58-14-44. Restrictions on who may act as agent.