South Dakota § 58-11-74 Limitations on director's authority.

South Dakota Statutes

§ 58-11-74 — Limitations on director's authority.

South Dakota § 58-11-74

Title 58INSURANCE

Ch. 58-11FORM AND CONTENTS OF INSURANCE POLICIES

This text of South Dakota § 58-11-74 (Limitations on director's authority.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.D. Codified Laws § 58-11-74 (2026).

Text

Except in cases of a material error or omission in a policy form that has been approved or deemed approved pursuant to the provisions of §§ 58-11-64 to 58-11-76 , inclusive, the director may not:

(1)Retroactively disapprove a filing; or (2) With respect to those policy forms, examine the filer during a routine or targeted market conduct examination for compliance with any later-enacted policy form filing requirements. However, the policy forms may be examined for compliance with any later-enacted requirement to the extent that the later-enacted requirement applies to new issues of the policy form or to renewals of policies issued under the policy form.

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Except in cases of a material error or omission in a policy form that has been approved or deemed approved pursuant to the provisions of §§ 58-11-64 to 58-11-76 , inclusive, the director may not: (1) Retroactively disapprove a filing; or (2) With respect to those policy forms, examine the filer during a routine or targeted market conduct examination for compliance with any later-enacted policy form filing requirements. However, the policy forms may be examined for compliance with any later-enacted requirement to the extent that the later-enacted requirement applies to new issues of the policy form or to renewals of policies issued under the policy form.