§ 58-6-38 Application for initial certificate of authority--Documents accompanying.

SD Codified L § 58-6-38 (2019) (N/A)

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58-6-38. Application for initial certificate of authority--Documents accompanying. Every insurer applying for an initial certificate of authority shall file the following documents with the director:

(1) A certified copy of its articles of incorporation with all amendments;

(2) A certified copy of its bylaws with all amendments;

(3) A copy of its annual statement as of December thirty-first last preceding;

(4) A copy of report of last examination, if any, made of the insurer, certified by the insurance supervisory official of the state of domicile of a foreign insurer or the state of entry into the United States of an alien insurer;

(5) If a foreign or alien insurer, a certificate of the public official having supervision of insurance in the state or country of domicile, or state of entry into the United States, of such insurer, showing that it is authorized to transact the kinds of insurance proposed to be transacted in South Dakota;

(6) If an alien insurer, a copy of the appointment and authority of its United States manager;

(7) A certificate of deposit pursuant to §§ 58-6-34 and 58-6-35; and

(8) Such other information and documents as the director deems necessary for the protection of policyholders or to assure compliance with this title.Source: SL 1966, ch 111, ch 3, § 15.

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