ENTITLED An Act to amend provisions regarding the Division of Insurance and the former Division of Securities operating fund.

Be it enacted by the Legislature of the State of South Dakota:

Section 1. That § 4-4-4.3 be AMENDED:

4-4-4.3. There is established within the state treasury the insurance operating fund, into which must be deposited all fees received by the Division of Insurance. All moneys in the fund created by this section shall be budgeted and expended in accordance with the provisions of Title 4 on warrants drawn by the state auditor on vouchers approved by the secretary of the Department of Labor and Regulation. Expenditures from the fund may be made only to pay the necessary expenses of purposes specified in chapters 37-5B, 37-25A, 47-31B, and 47-33, and title 58.

Section 2. That § 4-4-4.4 be AMENDED:

4-4-4.4. At the end of each fiscal quarter, the treasurer shall transfer any cash balance in excess of two hundred thousand dollars from the insurance operating fund to the general fund.

An Act to amend provisions regarding the Division of Insurance and the former Division of Securities operating fund.

I certify that the attached Act originated in the: Senate as Bill No. 29 Secretary of the Senate President of the Senate Attest: Secretary of the Senate Speaker of the House Attest: Chief Clerk Senate Bill No. 29 File No. ____ Chapter No. ______

Received at this Executive Office this _____ day of _____________, 2025 at ____________M. By for the Governor The attached Act is hereby approved this ________ day of ______________, A.D., 2025 Governor STATE OF SOUTH DAKOTA, ss. Office of the Secretary of State Filed ____________, 2025 at _________ o'clock __M. Secretary of State By Asst. Secretary of State