South Dakota Statutes
§ 58-5A-78 — Director's participation in supervisory college to determine insurer compliance.
Pursuant to the provisions of §§ to 58-5A-80 , inclusive, the director may participate in a supervisory college for any domestic insurer registered pursuant to this chapter that is part of an insurance holding company system with international operations to determine compliance by the insurer with this chapter. The director, with respect to a supervisory college, may perform any of the following activities:
(1)Initiate the establishment of a supervisory college;
(2)Clarify the membership and participation of any other supervisor in the supervisory college;
(3)Clarify the functions of the supervisory college and the role of any other regulator, including the establishment of a group-wide supervisor;
(4)Coordinate the ongoing activities of the supervisory college, including p
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South Dakota § 58-5A-78 (Director's participation in supervisory college to determine insurer compliance.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 2015, ch 246, § 19.
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Repealed by SL 2012, ch 252, § 30.§ 58-1-2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.