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§ 58-28-26 Factors considered by director in examining variable contracts.

SD Codified L § 58-28-26 (2019) (N/A)
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58-28-26. Factors considered by director in examining variable contracts. In connection with § 58-28-25, the director shall consider among other things:

(1) The history and financial condition of the insurer;

(2) The character, responsibility, and fitness of the officers and directors of the insurer; and

(3) The law and regulation under which the insurer is authorized in the state of domicile to issue variable contracts.Source: SL 1966, ch 111, ch 6, § 36 (9) as added by SL 1967, ch 131; SDCL, § 58-28-10; SL 1971, ch 266, § 3.

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§ 58-28-25 Approval by director required for variable contracts.
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§ 58-28-27 Affiliated insurer measured by factors applicable to parent.