South Dakota § 58-6A-4 Financial information submitted to director.

South Dakota Statutes

§ 58-6A-4 — Financial information submitted to director.

South Dakota § 58-6A-4

Title 58INSURANCE

Ch. 58-5CRISK RETENTION GROUPS

This text of South Dakota § 58-6A-4 (Financial information submitted to director.) 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 § 58-6A-4 (2026).

Text

Any risk retention group doing business in this state shall submit to the director:

(1)A copy of the group's financial statement submitted to its state of domicile, which shall be certified by an independent public accountant and contain a statement of opinion on loss and loss adjustment expense reserves made by a member of the American Academy of Actuaries or a qualified loss reserve specialist under criteria established by the National Association of Insurance Commissioners;

(2)A copy of each examination of the risk retention group as certified by the director or public official conducting the examination;

(3)Upon request by the director, a copy of any audit performed with respect to the risk retention group; and (4) Such information as may be required to verify its contin

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Any risk retention group doing business in this state shall submit to the director: (1) A copy of the group's financial statement submitted to its state of domicile, which shall be certified by an independent public accountant and contain a statement of opinion on loss and loss adjustment expense reserves made by a member of the American Academy of Actuaries or a qualified loss reserve specialist under criteria established by the National Association of Insurance Commissioners; (2) A copy of each examination of the risk retention group as certified by the director or public official conducting the examination; (3) Upon request by the director, a copy of any audit performed with respect to the risk retention group; and (4) Such information as may be required to verify its continuing qualification as a risk retention group under this chapter.