S.D. Codified Laws § 58-6-23
To qualify for authority to transact any one kind of insurance or combination of kinds of insurance as shown below, a foreign insurer, or a domestic stock insurer applying for its original certificate of authority in this state, or any insurer reapplying for a certificate of authority in this state after having withdrawn from this state for any cause, shall possess and thereafter maintain unimpaired basic paid-in capital stock, if a stock insurer, or unimpaired basic surplus, if a foreign mutual insurer or foreign reciprocal insurer, and shall possess when first so authorized additional funds in surplus as follows:
Kind or Kinds of Insurance | Basic Capital or Basic Surplus | Additional Surplus |
Life | ||
Domestic stock insurers | $200,000 | $300,000 |
Foreign insurers | 300,000 | 350,000 |
Health | ||
Domestic stock insurers | 200,000 | 300,000 |
Foreign insurers | 300,000 | 350,000 |
Life and Health | ||
Domestic stock insurers | 400,000 | 400,000 |
Foreign insurers | 400,000 | 525,000 |
Property | 200,000 | 300,000 |
Casualty | ||
Without Workers' Compensation | 200,000 | 300,000 |
With Workers' Compensation | 300,000 | 350,000 |
Marine and Transportation | 200,000 | 300,000 |
Surety | 200,000 | 300,000 |
Title | 200,000 | 300,000 |
Multiple lines | 400,000 | 400,000 |
SDCL 58-6-23