South Dakota § 58-46-5 Additional filing requirements.

South Dakota Statutes

§ 58-46-5 — Additional filing requirements.

South Dakota § 58-46-5

Title 58INSURANCE

Ch. 58-46CAPTIVE INSURANCE COMPANIES

This text of South Dakota § 58-46-5 (Additional filing requirements.) 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 § 58-46-5 (2026).

Text

In addition to the information required by § 58-46-4 , each applicant captive insurance company shall file with the director evidence of the following:

(1)The amount and liquidity of its assets relative to the risks to be assumed;

(2)The adequacy of the expertise, experience, and character of the management;

(3)The overall soundness of its plan of operation;

(4)The adequacy of the loss prevention programs of its parent and affiliated entities; and (5) Such other factors deemed relevant by the director in ascertaining whether the proposed captive insurance company will be able to meet its policy obligations.

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In addition to the information required by § 58-46-4 , each applicant captive insurance company shall file with the director evidence of the following: (1) The amount and liquidity of its assets relative to the risks to be assumed; (2) The adequacy of the expertise, experience, and character of the management; (3) The overall soundness of its plan of operation; (4) The adequacy of the loss prevention programs of its parent and affiliated entities; and (5) Such other factors deemed relevant by the director in ascertaining whether the proposed captive insurance company will be able to meet its policy obligations.