South Dakota Statutes
§ 58-5A-77 — Dividends paid from earned surplus--Exclusions--Promulgation of rules for ordinary dividends.
South Dakota § 58-5A-77
This text of South Dakota § 58-5A-77 (Dividends paid from earned surplus--Exclusions--Promulgation of rules for ordinary dividends.) 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 § 58-5A-77 (2026).
Text
Insurers subject to this chapter may only pay dividends from earned surplus excluding surplus arising from unrealized capital gains or revaluation of assets. The director may promulgate rules pursuant to chapter 1-26 covering requirements for ordinary dividends including those for approval or disapproval of ordinary dividends.
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Legislative History
SL 1993, ch 359, § 3.
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Repealed by SL 2012, ch 252, § 30.§ 58-1-2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.Cite This Page — Counsel Stack
Bluebook (online)
South Dakota § 58-5A-77, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/58-5A-77.