S.D. Admin. R. 20:06:09:36

Current through Register Vol. 51, page 57, November 12, 2024

Section 20:06:09:36 - Form C

A Form C filing, Summary of Changes to Registration Statement, must be certified and must accompany the annual registration statement. The Form C must include the following information:

(1) A brief description of all items in the current annual registration statement which represent changes from the prior year's annual registration statement;

(2) Changes to subdivision 20:06:09:29(3). Changes in the percentage of each class of voting securities held by each affiliate need only be included if the changes result in ownership or holdings of 10 percent or more of voting securities, loss or transfer of control, or acquisition or loss of partnership interest;

(3) Changes to SDCL 58-5A-4(2) and 58-5A-22(3) if an individual is made a director, executive officer, or president of the ultimate controlling person or a director or executive officer terminates responsibilities with the ultimate controlling person;

(4) The nature of any changes to a transaction disclosed on the prior year's annual registration statement. If a transaction disclosed on the prior year's annual registration statement has been effectuated, the mode of completion and any flow of funds between affiliates resulting from the transaction must be furnished; and

(5) The insurer must furnish a statement that transactions entered into since the filing of the prior year's registration statement are not designed to and will not avoid statutory threshold amounts and the review of those transactions and amounts.

S.D. Admin. R. 20:06:09:36

20 SDR 36, effective 9/19/1993.

42 SDR 83, effective 12/3/2015

General Authority: SDCL 58-5A-70.

Law Implemented: SDCL 58-5A-20, 58-5A-21, 58-5A-24, 58-5A-70.