S.D. Admin. R. 20:06:09:37

Current through Register Vol. 51, page 67, December 16, 2024

Section 20:06:09:37 - Form D filing

An insurer required to give notice of a proposed transaction pursuant to SDCL 58-5A-56 shall furnish the required information on Form D. A Form D filing must be certified and must include the following information:

(1) That set forth in SDCL 58-5A-56; and

(2) For each party to the transaction:

(a) The name, home office address, and principal executive office address;

(b) The organizational structure, such as corporation, partnership, individual, trust, or other legal entity;

(c) A description of the nature of the parties' business operations;

(d) The relationship, if any, of other parties to the transaction to the insurer filing the notice, including any ownership or debtor/creditor interest by any other parties to the transaction in the insurer seeking approval or by the insurer filing the notice in the affiliated parties;

(e) If the transaction is with a non affiliate, the name of the affiliate which will receive, in whole or in substantial part, the proceeds of the transaction.

S.D. Admin. R. 20:06:09:37

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-56, 58-5A-70.

Note: A copy of Form D may be obtained from the Division of Insurance, 118 West Capitol Avenue, Pierre, South Dakota 57501-2000, (605) 773-3563, free of charge.