S.D. Admin. R. 20:06:09:23
Any authorized insurer may file Form B, the registration statement, on behalf of any affiliated insurer or insurers which are required to register under SDCL 58-5A-20, 58-5A-21, 58-5A-23, 58-5A-25 to 58-5A-30, inclusive, and 58-5A-54. A registration statement may include information not required by SDCL chapter 58-5 A regarding any insurer in the insurance holding company system even if the insurer is not authorized to do business in this state. In lieu of filing a registration statement on Form B, the authorized insurer may file a copy of the registration statement or a similar report which it is required to file in its state of domicile, if the statement or report contains substantially similar information to that required to be furnished on Form B and the filing insurer is the principal insurance company in the insurance holding company system.
The question of whether the filing insurer is the principal insurance company in the insurance holding company system is a question of fact, and an insurer filing a registration statement or report in lieu of Form B on behalf of an affiliated insurer must set forth a brief statement of facts which substantiates the filing insurer's claim that it is the principal insurer in the insurance holding company system.
S.D. Admin. R. 20:06:09:23
General Authority: SDCL 58-5A-70.
Law Implemented: SDCL 58-5A-70.