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

South Dakota Statutes

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

South Dakota § 58-14-16.14

Title 58INSURANCE

Ch. 58-13REINSURANCE

This text of South Dakota § 58-14-16.14 (Applicant for certification certified as reinsurer in National Association of Insurance Commissioners accredited jurisdiction.) 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 § 58-14-16.14 (2026).

Text

If an applicant for certification has been certified as a reinsurer in a National Association of Insurance Commissioners accredited jurisdiction, the director has the discretion to defer to that jurisdiction's certification and has the discretion to defer to the rating assigned by that jurisdiction. Upon approval by the director, the applicant shall be considered to be a certified reinsurer in this state.

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If an applicant for certification has been certified as a reinsurer in a National Association of Insurance Commissioners accredited jurisdiction, the director has the discretion to defer to that jurisdiction's certification and has the discretion to defer to the rating assigned by that jurisdiction. Upon approval by the director, the applicant shall be considered to be a certified reinsurer in this state.