South Dakota Statutes
§ 58-26-105 — Exemption of certain forms or product lines of domestic insurer.
The director may exempt specific product forms or product lines of a domestic company that is licensed and doing business only in South Dakota from the requirements of §§ 58-26-91 to 58-26-97 , inclusive, provided:
(1)The director has issued an exemption in writing to the company and has not subsequently revoked the exemption in writing; and (2) The company computes reserves using assumptions and methods used prior to the operative date of the valuation manual in addition to any requirements established by the director and promulgated by regulation. For any company granted an exemption pursuant to this section, §§ 58-26-46 to 58-26-84 , inclusive, are applicable. With respect to any company applying this exemption, any reference to §§ 58-26-91 to 58-26-97 , inclusive, found in §§ 58
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South Dakota § 58-26-105 (Exemption of certain forms or product lines of domestic insurer.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 2015, ch 254, § 39.
Nearby Sections
15
§ 58-1-1
Citation of title.§ 58-1-11
General saving clause.§ 58-1-13
Severability of provisions.§ 58-1-14
Notice of nonrenewal of policy must be mailed sixty days prior to renewal date--Exceptions.§ 58-1-14.1
Notice of refusal to renew--Thirty§ 58-1-16.1
Applicability of §§ 58-1-18
Repealed by SL 2012, ch 252, § 30.§ 58-1-2
Definition of terms.