S.D. Admin. R. 20:06:09:21
Current through Register Vol. 50, page 159, June 17, 2024
If the person being acquired is considered a "domestic insurer" solely because of the provisions of SDCL 58-5A-2, the name of the domestic insurer on the cover page must be indicated as follows: "ABC Insurance Company, a subsidiary of XYZ Holding Company."
If an insurer pursuant to SDCL 59-5A-2 is being acquired, references to "the insurer" contained in Form A must refer to both the domestic subsidiary insurer and the person being acquired.
S.D. Admin. R. 20:06:09:21
General Authority: SDCL 58-5A-70.
Law Implemented: SDCL 58-5A-70.