Statutes, codes, and regulations
South Dakota Administrative Rules
Title 20 - PUBLIC SAFETYArticle 20:06 - INSURANCE
Chapter 20:06:60 - Insurer corporate governance
Section 20:06:60:04 - Description of Corporate Framework

S.D. Admin. R. 20:06:60:04

Download
PDF
Current through Register Vol. 50, page 159, June 17, 2024
Section 20:06:60:04 - Description of Corporate Framework

The corporate governance annual disclosure shall describe the insurers or insurance groups corporate governance framework and structure including consideration of the following.

(1) The Board and various committees thereof ultimately responsible for overseeing the insurer or insurance group and the level(s) at which that oversight occurs (e.g., ultimate control level, intermediate holding company, legal entity, etc.). The insurer or insurance group shall describe and discuss the rationale for the current Board size and structure; and

S.D. Admin. R. 20:06:60:04

46 SDR 146, effective 7/2/2020

General Authority: SDCL 58-5-166 Law Implemented: SDCL 58-5-166