S.D. Admin. R. 20:06:04:01

Current through Register Vol. 50, page 159, June 17, 2024

Section 20:06:04:01 - Definitions

Terms used in this chapter mean:

(1) "Insurer," any domestic stock insurance company with an equity security subject to the provisions of SDCL 58-5-68 to 58-5-78, inclusive, and not exempt thereunder;

(2) "Act," SDCL 58-5-68 to 58-5-78, inclusive;

(3) "Officer," a president, vice-president, treasurer, actuary, secretary, controller and any other person who performs for the insurer functions corresponding to those performed by the foregoing officers;

(4) "Equity security," any stock or similar security; or any voting trust certificate or certificate of deposit for such a security; or any security convertible, with or without consideration, into such a security, or carrying any warrant or right to subscribe to or purchase such a security; or any such warrant or right;

(5) "Class," all securities of an insurer which are of substantially similar character and the holders of which enjoy substantially similar rights and privileges.

S.D. Admin. R. 20:06:04:01

4 SDR 6, effective 8/9/1977; 12 SDR 151, 12 SDR 155, effective 7/1/1986.

General Authority: SDCL 58-5-77.

Law Implemented: SDCL 58-5-77.