South Dakota Statutes

§ 58-5A-46 — Acquisition and involved insurer defined.

South Dakota·Title 58 INSURANCE·Ch. 58-4A INSURANCE HOLDING COMPANIES

The following definitions shall only apply to §§ 58-5A-47 to 58-5A-53 , inclusive:

(1)"Acquisition," any agreement, arrangement, or activity the consummation of which results in a person acquiring directly or indirectly the control of another person, and includes the acquisition of voting securities, assets, bulk reinsurance, and mergers; and (2) "Involved insurer," an insurer which either acquires or is acquired, is affiliated with an acquirer or acquired or is the result of a merger.

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Legislative History

SL 1992, ch 341, § 8.

Nearby Sections

15
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