South Dakota § 58-5-145 Exception from disclosure requirement--"Material acquisition" defined.

South Dakota Statutes

§ 58-5-145 — Exception from disclosure requirement--"Material acquisition" defined.

South Dakota § 58-5-145

Title 58INSURANCE

Ch. 58-4AORGANIZATION AND GENERAL POWERS OF INSURERS

This text of South Dakota § 58-5-145 (Exception from disclosure requirement--"Material acquisition" defined.) 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 § 58-5-145 (2026).

Text

No acquisitions or dispositions of assets need be reported pursuant to § 58-5-143 if the acquisitions or dispositions are not material.  For purposes of this chapter, a material acquisition, or the aggregate of any series of acquisitions during any thirty - day period, or disposition, or the aggregate of any series of dispositions during any thirty - day period, is any acquisition or disposition that is nonrecurring and not in the ordinary course of business and involves more than five percent of the reporting insurer's total admitted assets as reported in its most recent statutory statement filed with the insurance regulatory agency of the insurer's state of domicile.

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No acquisitions or dispositions of assets need be reported pursuant to § 58-5-143 if the acquisitions or dispositions are not material. For purposes of this chapter, a material acquisition, or the aggregate of any series of acquisitions during any thirty - day period, or disposition, or the aggregate of any series of dispositions during any thirty - day period, is any acquisition or disposition that is nonrecurring and not in the ordinary course of business and involves more than five percent of the reporting insurer's total admitted assets as reported in its most recent statutory statement filed with the insurance regulatory agency of the insurer's state of domicile.