South Dakota Statutes
§ 58-44-1 — Definition of terms.
Terms used in this chapter mean:
(1)"Accredited state," any state in which the insurance department or regulatory agency has qualified as meeting the minimum financial regulatory standards promulgated and established by the National Association of Insurance Commissioners (NAIC);
(2)"Control" or "controlled," as defined in chapter 58-5A ;
(3)"Controlled insurer," any licensed insurer which is controlled, directly or indirectly, by a broker;
(4)"Controlling broker," any person who, directly or indirectly, controls an insurer and for any compensation, commission, or other thing of value, acts or aids in any manner in soliciting, negotiating, or procuring the making of any insurance contract on behalf of an insured other than the controlling broker;
(5)"Licensed insurer" or
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Legislative History
SL 1992, ch 358, § 1; SL 2016, ch 232, § 16.
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Repealed by SL 2012, ch 252, § 30.§ 58-1-2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.