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§ 58-43-7 Notification of dismissal or resignation of insurer's accountant--Reporting disagreements.

SD Codified L § 58-43-7 (2019) (N/A)
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58-43-7. Notification of dismissal or resignation of insurer's accountant--Reporting disagreements. If an accountant who was the accountant for the immediately preceding filed audited financial report is dismissed or resigns, the insurer shall mail notification to the director within five business days of the dismissal or resignation. The insurer shall mail the director a separate letter within ten business days of the above notification stating whether in the twenty-four months preceding this dismissal or resignation there were any disagreements with the former accountant on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of the former accountant, would have caused him to make reference to the subject matter of the disagreement in connection with his opinion.

Source: SL 1992, ch 357, § 7.

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§ 58-43-6 Registration of retained accountant--Letter of acknowledgment from accountant.
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§ 58-43-8 Explanation of disagreements between insurer and accountant--Letters from both insurer and accountant to director.