South Dakota Statutes
§ 58-5-93 — Location of home office and principal place of business of domestic insurers--Records maintained.
Every domestic insurer shall have and maintain its principal place of business and home office in this state and shall keep therein complete records of its assets, transactions, and affairs in accordance with such methods and systems as are customary or suitable as to the kinds of insurance transacted. The provisions of this section requiring that a domestic insurer maintain its principal place of business and home office in this state do not apply to the sale of a wholly owned subsidiary of a domestic insurer whose net worth does not represent more than seven percent of its parent company's assets.
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South Dakota § 58-5-93 (Location of home office and principal place of business of domestic insurers--Records maintained.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
Metropolitan Life Insurance Co. v. Kinsman
2008 SD 24 (South Dakota Supreme Court, 2008)
Legislative History
SL 1966, ch 111, ch 16, § 24 (1); SL 1985, ch 387.
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Repealed by SL 2012, ch 252, § 30.§ 58-1-2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.