<html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-3 - EXAMINATION OF INSURERS AND INSURANCE PRODUCERS</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.s5fc11378f0d24be48c169bffe308d271Normal { text-align: center; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s5fc11378f0d24be48c169bffe308d271HG4 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s5fc11378f0d24be48c169bffe308d271HG4C { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s5fc11378f0d24be48c169bffe308d271Normal-000000 { text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s5fc11378f0d24be48c169bffe308d271000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s5fc11378f0d24be48c169bffe308d271B { margin-left: 1.38in; text-indent: -1.38in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 58-3 - EXAMINATION OF INSURERS AND INSURANCE PRODUCERS"><meta property="og:description" content="SDLRC Codified Law 58-3 - EXAMINATION OF INSURERS AND INSURANCE PRODUCERS"><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/58-3"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="s5fc11378f0d24be48c169bffe308d271Normal"><span xml:space="preserve" class="s5fc11378f0d24be48c169bffe308d271HG4">CHAPTER </span><a href="https://sdlegislature.gov/Statutes?Statute=58-3" rel="noopener"><span class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">58-3</span></a></p><p dir="ltr" class="s5fc11378f0d24be48c169bffe308d271Normal"><span class="s5fc11378f0d24be48c169bffe308d271HG4C">EXAMINATION OF INSURERS AND INSURANCE PRODUCERS</span></p><p dir="ltr" class="s5fc11378f0d24be48c169bffe308d271Normal-000000"><span xml:space="preserve" class="s5fc11378f0d24be48c169bffe308d271000001"> </span></p><p dir="ltr" class="s5fc11378f0d24be48c169bffe308d271B"><a href="https://sdlegislature.gov/Statutes?Statute=58-3-1" rel="noopener"><span class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">58-3-1</span></a><span xml:space="preserve" class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">    Examination of insurers--Scope.</span></p><p dir="ltr" class="s5fc11378f0d24be48c169bffe308d271B"><a href="https://sdlegislature.gov/Statutes?Statute=58-3-1.1" rel="noopener"><span class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">58-3-1.1</span></a><span xml:space="preserve" class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">    Company defined.</span></p><p dir="ltr" class="s5fc11378f0d24be48c169bffe308d271B"><a href="https://sdlegislature.gov/Statutes?Statute=58-3-2" rel="noopener"><span class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">58-3-2</span></a><span xml:space="preserve" class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">    Examination of alien insurer--Limited extent.</span></p><p dir="ltr" class="s5fc11378f0d24be48c169bffe308d271B"><a href="https://sdlegislature.gov/Statutes?Statute=58-3-3" rel="noopener"><span class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">58-3-3</span></a><span xml:space="preserve" class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">    Applicant for initial certificate of authority to do insurance business in state--Examination by director.</span></p><p dir="ltr" class="s5fc11378f0d24be48c169bffe308d271B"><a href="https://sdlegislature.gov/Statutes?Statute=58-3-3.1" rel="noopener"><span class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">58-3-3.1</span></a><span xml:space="preserve" class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">    Examination assessment fee--Insurance examination fund established for proceeds.</span></p><p dir="ltr" class="s5fc11378f0d24be48c169bffe308d271B"><a href="https://sdlegislature.gov/Statutes?Statute=58-3-3.2" rel="noopener"><span class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">58-3-3.2</span></a><span xml:space="preserve" class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">    Payments from insurance examination fund.</span></p><p dir="ltr" class="s5fc11378f0d24be48c169bffe308d271B"><a href="https://sdlegislature.gov/Statutes?Statute=58-3-3.3" rel="noopener"><span class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">58-3-3.3</span></a><span xml:space="preserve" class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">    Reimbursement to agents involved with insurance examinations--Insurer reimbursements.</span></p><p dir="ltr" class="s5fc11378f0d24be48c169bffe308d271B"><a href="https://sdlegislature.gov/Statutes?Statute=58-3-3.4" rel="noopener"><span class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">58-3-3.4</span></a><span xml:space="preserve" class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">    Application of examination fund to farm mutual insurers and captive insurance companies.</span></p><p dir="ltr" class="s5fc11378f0d24be48c169bffe308d271B"><a href="https://sdlegislature.gov/Statutes?Statute=58-3-4" rel="noopener"><span class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">58-3-4</span></a><span xml:space="preserve" class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">    Examination of foreign or alien insurer or rating organization by insurance supervisory official of another state--Examination by director unnecessary--Accreditation of examiner.</span></p><p dir="ltr" class="s5fc11378f0d24be48c169bffe308d271B"><a href="https://sdlegislature.gov/Statutes?Statute=58-3-5" rel="noopener"><span class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">58-3-5</span></a><span xml:space="preserve" class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">    Examination of agents, managers, and promoters.</span></p><p dir="ltr" class="s5fc11378f0d24be48c169bffe308d271B"><a href="https://sdlegislature.gov/Statutes?Statute=58-3-6" rel="noopener"><span class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">58-3-6</span></a><span xml:space="preserve" class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">    Place where examination conducted.</span></p><p dir="ltr" class="s5fc11378f0d24be48c169bffe308d271B"><a href="https://sdlegislature.gov/Statutes?Statute=58-3-7" rel="noopener"><span class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">58-3-7</span></a><span xml:space="preserve" class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">    Information to be available--Cooperation of persons being examined.</span></p><p dir="ltr" class="s5fc11378f0d24be48c169bffe308d271B"><a href="https://sdlegislature.gov/Statutes?Statute=58-3-7.1" rel="noopener"><span class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">58-3-7.1</span></a><span xml:space="preserve" class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">    Observance of guidelines and procedures by examiner.</span></p><p dir="ltr" class="s5fc11378f0d24be48c169bffe308d271B"><a href="https://sdlegislature.gov/Statutes?Statute=58-3-7.2" rel="noopener"><span class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">58-3-7.2</span></a><span xml:space="preserve" class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">    Penalty upon refusal to submit to examination--Suspension, refusal of, or nonrenewal of, license.</span></p><p dir="ltr" class="s5fc11378f0d24be48c169bffe308d271B"><a href="https://sdlegislature.gov/Statutes?Statute=58-3-7.3" rel="noopener"><span class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">58-3-7.3</span></a><span xml:space="preserve" class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">    Examination under oath--Authority of director or examiner.</span></p><p dir="ltr" class="s5fc11378f0d24be48c169bffe308d271B"><a href="https://sdlegislature.gov/Statutes?Statute=58-3-7.4" rel="noopener"><span class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">58-3-7.4</span></a><span xml:space="preserve" class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">    Insurer's claim files subject to examination--File maintenance requirements.</span></p><p dir="ltr" class="s5fc11378f0d24be48c169bffe308d271B"><a href="https://sdlegislature.gov/Statutes?Statute=58-3-8" rel="noopener"><span class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">58-3-8</span></a><span xml:space="preserve" class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">    Examination disclosing inadequate records--Correction of accounts.</span></p><p dir="ltr" class="s5fc11378f0d24be48c169bffe308d271B"><a href="https://sdlegislature.gov/Statutes?Statute=58-3-9" rel="noopener"><span class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">58-3-9</span></a><span xml:space="preserve" class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">    Valuation of real estate involved in examination--Appraisers, appointment, prompt appraisal, report--Expense of appraisal, liability of person examined.</span></p><p dir="ltr" class="s5fc11378f0d24be48c169bffe308d271B"><a href="https://sdlegislature.gov/Statutes?Statute=58-3-10" rel="noopener"><span class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">58-3-10</span></a><span xml:space="preserve" class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">    Examination reports required.</span></p><p dir="ltr" class="s5fc11378f0d24be48c169bffe308d271B"><a href="https://sdlegislature.gov/Statutes?Statute=58-3-11" rel="noopener"><span class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">58-3-11</span></a><span xml:space="preserve" class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">    Contents of examination reports.</span></p><p dir="ltr" class="s5fc11378f0d24be48c169bffe308d271B"><a href="https://sdlegislature.gov/Statutes?Statute=58-3-12" rel="noopener"><span class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">58-3-12</span></a><span xml:space="preserve" class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">    Examination reports--Copy to company examined--Review by director--Order.</span></p><p dir="ltr" class="s5fc11378f0d24be48c169bffe308d271B"><a href="https://sdlegislature.gov/Statutes?Statute=58-3-12.1" rel="noopener"><span class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">58-3-12.1</span></a><span xml:space="preserve" class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">    Examinations other than financial examinations--Examination report--Optional or mandatory.</span></p><p dir="ltr" class="s5fc11378f0d24be48c169bffe308d271B"><a href="https://sdlegislature.gov/Statutes?Statute=58-3-12.2" rel="noopener"><span class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">58-3-12.2</span></a><span xml:space="preserve" class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">    Market conduct examination--Draft examination report.</span></p><p dir="ltr" class="s5fc11378f0d24be48c169bffe308d271B"><a href="https://sdlegislature.gov/Statutes?Statute=58-3-12.3" rel="noopener"><span class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">58-3-12.3</span></a><span xml:space="preserve" class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">    Draft examination report not governed by §§ </span><a href="https://sdlegislature.gov/Statutes?Statute=58-3-10" rel="noopener"><span class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">58-3-10</span></a><span xml:space="preserve" class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont"> to </span><a href="https://sdlegislature.gov/Statutes?Statute=58-3-18" rel="noopener"><span class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">58-3-18</span></a><span class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">.</span></p><p dir="ltr" class="s5fc11378f0d24be48c169bffe308d271B"><a href="https://sdlegislature.gov/Statutes?Statute=58-3-12.4" rel="noopener"><span class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">58-3-12.4</span></a><span xml:space="preserve" class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">    Confidentiality of draft examination report.</span></p><p dir="ltr" class="s5fc11378f0d24be48c169bffe308d271B"><a href="https://sdlegislature.gov/Statutes?Statute=58-3-13" rel="noopener"><span class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">58-3-13</span></a><span xml:space="preserve" class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">    Filed examination report admissible in evidence.</span></p><p dir="ltr" class="s5fc11378f0d24be48c169bffe308d271B"><a href="https://sdlegislature.gov/Statutes?Statute=58-3-14" rel="noopener"><span class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">58-3-14</span></a><span xml:space="preserve" class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">    Withholding of report from public inspection.</span></p><p dir="ltr" class="s5fc11378f0d24be48c169bffe308d271B"><a href="https://sdlegislature.gov/Statutes?Statute=58-3-15" rel="noopener"><span class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">58-3-15</span></a><span xml:space="preserve" class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">    Expenses of examination paid by person examined.</span></p><p dir="ltr" class="s5fc11378f0d24be48c169bffe308d271B"><a href="https://sdlegislature.gov/Statutes?Statute=58-3-16" rel="noopener"><span class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">58-3-16</span></a><span xml:space="preserve" class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">    </span><a href="https://sdlegislature.gov/Statutes?Statute=58-3-16" rel="noopener"><span class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">58-3-16</span></a><span class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">. Repealed by SL 1977, ch 404, § 3</span></p><p dir="ltr" class="s5fc11378f0d24be48c169bffe308d271B"><a href="https://sdlegislature.gov/Statutes?Statute=58-3-17" rel="noopener"><span class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">58-3-17</span></a><span xml:space="preserve" class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">    Order adopting examination report as final decision--Service--Affidavit of receipt.</span></p><p dir="ltr" class="s5fc11378f0d24be48c169bffe308d271B"><a href="https://sdlegislature.gov/Statutes?Statute=58-3-18" rel="noopener"><span class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">58-3-18</span></a><span xml:space="preserve" class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">    Confidential investigative hearing--Inconsistencies in examination report.</span></p><p dir="ltr" class="s5fc11378f0d24be48c169bffe308d271B"><a href="https://sdlegislature.gov/Statutes?Statute=58-3-19" rel="noopener"><span class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">58-3-19</span></a><span xml:space="preserve" class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">    Conducting hearing--Discovery.</span></p><p dir="ltr" class="s5fc11378f0d24be48c169bffe308d271B"><a href="https://sdlegislature.gov/Statutes?Statute=58-3-20" rel="noopener"><span class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">58-3-20</span></a><span xml:space="preserve" class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">    Use of information discovered during examination for legal or regulatory action.</span></p><p dir="ltr" class="s5fc11378f0d24be48c169bffe308d271B"><a href="https://sdlegislature.gov/Statutes?Statute=58-3-21" rel="noopener"><span class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">58-3-21</span></a><span xml:space="preserve" class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">    Disclosure of contents of examination report to insurance department or law enforcement agencies--Confidentiality.</span></p><p dir="ltr" class="s5fc11378f0d24be48c169bffe308d271B"><a href="https://sdlegislature.gov/Statutes?Statute=58-3-22" rel="noopener"><span class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">58-3-22</span></a><span xml:space="preserve" class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">    Confidentiality of disclosed information--Exceptions--Access by National Association of Insurance Commissioners.</span></p><p dir="ltr" class="s5fc11378f0d24be48c169bffe308d271B"><a href="https://sdlegislature.gov/Statutes?Statute=58-3-23" rel="noopener"><span class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">58-3-23</span></a><span xml:space="preserve" class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">    Preclusion of examiner--Grounds.</span></p><p dir="ltr" class="s5fc11378f0d24be48c169bffe308d271B"><a href="https://sdlegislature.gov/Statutes?Statute=58-3-24" rel="noopener"><span class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">58-3-24</span></a><span xml:space="preserve" class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">    Liability of director or examiner--Liability for communicating or delivering information--Intent.</span></p><p dir="ltr" class="s5fc11378f0d24be48c169bffe308d271B"><a href="https://sdlegislature.gov/Statutes?Statute=58-3-25" rel="noopener"><span class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">58-3-25</span></a><span xml:space="preserve" class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">    Implementation of examination report's recommendations.</span></p><p dir="ltr" class="s5fc11378f0d24be48c169bffe308d271B"><a href="https://sdlegislature.gov/Statutes?Statute=58-3-26" rel="noopener"><span class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">58-3-26</span></a><span xml:space="preserve" class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">    Promulgation of rules for examination.</span></p><p dir="ltr" class="s5fc11378f0d24be48c169bffe308d271B"><a href="https://sdlegislature.gov/Statutes?Statute=58-3-27" rel="noopener"><span class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">58-3-27</span></a><span xml:space="preserve" class="s5fc11378f0d24be48c169bffe308d271DefaultParagraphFont">    Application of chapter.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-3 - EXAMINATION OF INSURERS AND INSURANCE PRODUCERS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2073901Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2073901SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073901CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2073901Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2073901DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2073901000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2073901SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073901SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2073901Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-3-1"><span class="s2073901SENU">58-3-1</span></a><span xml:space="preserve" class="s2073901SENU">. </span><span class="s2073901CL">Examination of insurers--Scope.</span></p><p dir="ltr" class="s2073901Normal-000000"><span class="s2073901DefaultParagraphFont">The director of the Division of Insurance shall examine the affairs, transactions, accounts, records, and assets of each company, authorized insurer, management company, an owned or controlled subsidiary of the insurer, and each rating organization, as often as he deems advisable. He shall examine each domestic insurer not less frequently than every five years. During an examination, the director may also examine any person or the business of any person that the director considers is necessary, material or affects the business of the insurer.</span></p><p dir="ltr" class="s2073901Normal"><span xml:space="preserve" class="s2073901000001"> </span></p><p dir="ltr" class="s2073901Normal"><span class="s2073901SCL">Source:</span><span xml:space="preserve" class="s2073901SCL-000002"> SL 1966, ch 111, ch 2, § 16 (1); SL 1992, ch 338, § 2.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-3 - EXAMINATION OF INSURERS AND INSURANCE PRODUCERS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2073902Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2073902SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073902CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2073902Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2073902DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2073902000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2073902SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073902SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2073902Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-3-1.1"><span class="s2073902SENU">58-3-1.1</span></a><span xml:space="preserve" class="s2073902SENU">. </span><span class="s2073902CL">Company defined.</span></p><p dir="ltr" class="s2073902Normal-000000"><span class="s2073902DefaultParagraphFont">As used in this chapter, the term, company, means any person engaging in or proposing or attempting to engage in any insurance business and any person or group of persons who may otherwise be subject to the administrative, regulatory, or taxing authority of the director.</span></p><p dir="ltr" class="s2073902Normal"><span xml:space="preserve" class="s2073902000001"> </span></p><p dir="ltr" class="s2073902Normal"><span class="s2073902SCL">Source:</span><span xml:space="preserve" class="s2073902SCL-000002"> SL 1992, ch 338, § 1.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-3 - EXAMINATION OF INSURERS AND INSURANCE PRODUCERS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2073903Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2073903SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073903CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2073903Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2073903DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2073903000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2073903SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073903SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2073903Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-3-2"><span class="s2073903SENU">58-3-2</span></a><span xml:space="preserve" class="s2073903SENU">. </span><span class="s2073903CL">Examination of alien insurer--Limited extent.</span></p><p dir="ltr" class="s2073903Normal-000000"><span class="s2073903DefaultParagraphFont">Examination of an alien insurer may be limited to its insurance transactions and affairs in the United States. Examination of a reciprocal insurer may also include examination of its attorney in fact in so far as the transactions of the attorney in fact relate to the insurer.</span></p><p dir="ltr" class="s2073903Normal"><span xml:space="preserve" class="s2073903000001"> </span></p><p dir="ltr" class="s2073903Normal"><span class="s2073903SCL">Source:</span><span xml:space="preserve" class="s2073903SCL-000002"> SL 1966, ch 111, ch 2, § 16 (1).</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-3 - EXAMINATION OF INSURERS AND INSURANCE PRODUCERS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2073904Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2073904SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073904CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2073904Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2073904DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2073904000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2073904SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073904SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2073904Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-3-3"><span class="s2073904SENU">58-3-3</span></a><span xml:space="preserve" class="s2073904SENU">. </span><span class="s2073904CL">Applicant for initial certificate of authority to do insurance business in state--Examination by director.</span></p><p dir="ltr" class="s2073904Normal-000000"><span xml:space="preserve" class="s2073904DefaultParagraphFont">The director shall examine each insurer or rating organization receiving an initial certificate of authority to do business in this state within one year from the date of the licensure except those qualifying under §§ </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-3-4"><span class="s2073904DefaultParagraphFont">58-3-4</span></a><span xml:space="preserve" class="s2073904DefaultParagraphFont"> and </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-6-13"><span class="s2073904DefaultParagraphFont">58-6-13</span></a><span class="s2073904DefaultParagraphFont">.</span></p><p dir="ltr" class="s2073904Normal"><span xml:space="preserve" class="s2073904000001"> </span></p><p dir="ltr" class="s2073904Normal"><span class="s2073904SCL">Source:</span><span xml:space="preserve" class="s2073904SCL-000002"> SL 1966, ch 111, ch 2, § 16 (2); SL 1992, ch 338, § 3.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-3 - EXAMINATION OF INSURERS AND INSURANCE PRODUCERS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2073905Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2073905SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073905CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2073905Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2073905DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2073905000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2073905SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073905SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2073905Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-3-3.1"><span class="s2073905SENU">58-3-3.1</span></a><span xml:space="preserve" class="s2073905SENU">. </span><span class="s2073905CL">Examination assessment fee--Insurance examination fund established for proceeds.</span></p><p dir="ltr" class="s2073905Normal-000000"><span xml:space="preserve" class="s2073905DefaultParagraphFont">Any insurer subject to chapter </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-3"><span class="s2073905DefaultParagraphFont">58-3</span></a><span xml:space="preserve" class="s2073905DefaultParagraphFont"> shall pay to the Division of Insurance an annual examination assessment fee of three hundred dollars by March first of each year. There is established within the state treasury the insurance examination fund, into which shall be deposited the proceeds from the examination assessment fees. If the director determines that additional fees are needed to meet the anticipated needs of the examination fund, the director may increase the annual examination assessment fee or levy additional examination assessment fees of up to one hundred fifty dollars per insurer whenever the insurance examination fund falls below fifty thousand dollars. However, the director may not increase the annual examination fee to an amount exceeding one thousand dollars.</span></p><p dir="ltr" class="s2073905Normal"><span xml:space="preserve" class="s2073905000001"> </span></p><p dir="ltr" class="s2073905Normal"><span class="s2073905SCL">Source:</span><span xml:space="preserve" class="s2073905SCL-000002"> SL 1997, ch 283, § 1; SL 2011, ch 213, § 1.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-3 - EXAMINATION OF INSURERS AND INSURANCE PRODUCERS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2073906Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2073906SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073906CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2073906Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2073906DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2073906000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2073906SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073906SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2073906Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-3-3.2"><span class="s2073906SENU">58-3-3.2</span></a><span xml:space="preserve" class="s2073906SENU">. </span><span class="s2073906CL">Payments from insurance examination fund.</span></p><p dir="ltr" class="s2073906Normal-000000"><span class="s2073906DefaultParagraphFont">All money in the insurance examination fund is continuously appropriated for the purposes specified in this chapter. All costs of examinations, including travel expenses, living expense allowances, and per diem as compensation of examiners shall be paid from the fund. The fund shall also pay the costs of consultants, attorneys, actuaries, accountants, and other experts as shall be determined at the director's discretion to be reasonably necessary to assist in the conduct of the examination or analyses of the financial affairs of insurance companies. Any person so retained shall be under the direction and control of the director and shall act in a purely advisory capacity.</span></p><p dir="ltr" class="s2073906Normal"><span xml:space="preserve" class="s2073906000001"> </span></p><p dir="ltr" class="s2073906Normal"><span class="s2073906SCL">Source:</span><span xml:space="preserve" class="s2073906SCL-000002"> SL 1997, ch 283, § 2.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-3 - EXAMINATION OF INSURERS AND INSURANCE PRODUCERS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2073907Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2073907SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073907CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2073907Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2073907DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2073907000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2073907SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073907SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2073907Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-3-3.3"><span class="s2073907SENU">58-3-3.3</span></a><span xml:space="preserve" class="s2073907SENU">. </span><span class="s2073907CL">Reimbursement to agents involved with insurance examinations--Insurer reimbursements.</span></p><p dir="ltr" class="s2073907Normal-000000"><span xml:space="preserve" class="s2073907DefaultParagraphFont">The director may require persons who are not employees of the division who have been retained by the director to conduct or participate in examinations to bill and receive payments directly from the insurance company being examined. An insurer paying the costs of its examination pursuant to § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-3-15"><span class="s2073907DefaultParagraphFont">58-3-15</span></a><span xml:space="preserve" class="s2073907DefaultParagraphFont"> may receive reimbursements from the insurance examination fund upon completion of the examination.</span></p><p dir="ltr" class="s2073907Normal"><span xml:space="preserve" class="s2073907000001"> </span></p><p dir="ltr" class="s2073907Normal"><span class="s2073907SCL">Source:</span><span xml:space="preserve" class="s2073907SCL-000002"> SL 1997, ch 283, § 3.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-3 - EXAMINATION OF INSURERS AND INSURANCE PRODUCERS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2073908Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2073908SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073908CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2073908Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2073908DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2073908000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2073908SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073908SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2073908Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-3-3.4"><span class="s2073908SENU">58-3-3.4</span></a><span xml:space="preserve" class="s2073908SENU">. </span><span class="s2073908CL">Application of examination fund to farm mutual insurers and captive insurance companies.</span></p><p dir="ltr" class="s2073908Normal-000000"><span xml:space="preserve" class="s2073908DefaultParagraphFont">The provisions of §§ </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-3-3.1"><span class="s2073908DefaultParagraphFont">58-3-3.1</span></a><span xml:space="preserve" class="s2073908DefaultParagraphFont"> to </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-3-3.3"><span class="s2073908DefaultParagraphFont">58-3-3.3</span></a><span xml:space="preserve" class="s2073908DefaultParagraphFont">, inclusive, </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-3-7.4"><span class="s2073908DefaultParagraphFont">58-3-7.4</span></a><span xml:space="preserve" class="s2073908DefaultParagraphFont">, and </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-3-11"><span class="s2073908DefaultParagraphFont">58-3-11</span></a><span xml:space="preserve" class="s2073908DefaultParagraphFont"> do not apply to farm mutual insurers subject to chapter </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-35"><span class="s2073908DefaultParagraphFont">58-35</span></a><span xml:space="preserve" class="s2073908DefaultParagraphFont"> and captive insurance companies subject to chapter </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-46"><span class="s2073908DefaultParagraphFont">58-46</span></a><span xml:space="preserve" class="s2073908DefaultParagraphFont"> unless the farm mutual or captive insurance company wrote premiums in excess of one million dollars in the prior calendar year.</span></p><p dir="ltr" class="s2073908Normal"><span xml:space="preserve" class="s2073908000001"> </span></p><p dir="ltr" class="s2073908Normal"><span class="s2073908SCL">Source:</span><span xml:space="preserve" class="s2073908SCL-000002"> SL 1997, ch 283, § 6; SL 2004, ch 297, § 1; SL 2013, ch 257, § 29.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-3 - EXAMINATION OF INSURERS AND INSURANCE PRODUCERS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2073909Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2073909SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073909CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2073909Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2073909DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2073909Normal-000001 { margin-top: 0; margin-bottom: 0; text-indent: 0.25in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2073909000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2073909SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073909SCL-000003 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2073909Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-3-4"><span class="s2073909SENU">58-3-4</span></a><span xml:space="preserve" class="s2073909SENU">. </span><span class="s2073909CL">Examination of foreign or alien insurer or rating organization by insurance supervisory official of another state--Examination by director unnecessary--Accreditation of examiner.</span></p><p dir="ltr" class="s2073909Normal-000000"><span class="s2073909DefaultParagraphFont">In lieu of making his own examination, the director may, in his discretion, accept a full report of the last recent examination of a foreign or alien insurer, or rating organization, certified to by the insurance supervisory official of another state, territory, commonwealth, or district of the United States.</span></p><p dir="ltr" class="s2073909Normal-000001"><span class="s2073909DefaultParagraphFont">Beginning January 1, 1994, these examinations may only be accepted if the state insurance agency was at the time of the examination accredited under the National Association of Insurance Commissioners' Financial Regulation Standards and Accreditation Program or the examination is performed under the supervision of an accredited state insurance agency or with the participation of one or more examiners who are employed by an accredited state insurance agency and who, after a review of the examination work papers and report, state under oath that the examination was performed in a manner consistent with the standards and procedures required by their own state insurance agency.</span></p><p dir="ltr" class="s2073909Normal"><span xml:space="preserve" class="s2073909000002"> </span></p><p dir="ltr" class="s2073909Normal"><span class="s2073909SCL">Source:</span><span xml:space="preserve" class="s2073909SCL-000003"> SL 1966, ch 111, ch 2, § 16 (3); SL 1992, ch 338, § 4.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-3 - EXAMINATION OF INSURERS AND INSURANCE PRODUCERS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2073910Normal { text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2073910SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073910CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2073910Normal-000000 { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2073910DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2073910Normal-000001 { margin-left: 0.70in; text-indent: -0.45in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } span.s2073910000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2073910SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073910SCL-000003 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2073910Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-3-5"><span class="s2073910SENU">58-3-5</span></a><span xml:space="preserve" class="s2073910SENU">. </span><span class="s2073910CL">Examination of agents, managers, and promoters.</span></p><p dir="ltr" class="s2073910Normal-000000"><span class="s2073910DefaultParagraphFont">For the purpose of ascertaining compliance with this title, the director may as often as the director deems advisable examine the accounts, records, documents, and transactions, pertaining to or affecting its insurance affairs or proposed insurance affairs, of:</span></p><p dir="ltr" class="s2073910Normal-000001"><span class="s2073910DefaultParagraphFont">(1)    Any insurance producer, surplus line broker, or general agent;</span></p><p dir="ltr" class="s2073910Normal-000001"><span class="s2073910DefaultParagraphFont">(2)    Any person having a contract under which the person enjoys in fact the exclusive or dominant right to manage or control an insurer;</span></p><p dir="ltr" class="s2073910Normal-000001"><span class="s2073910DefaultParagraphFont">(3)    Any person holding the shares of voting stock or policyholder proxies of a domestic insurer, for the purpose of controlling the management thereof, as voting trustee or otherwise;</span></p><p dir="ltr" class="s2073910Normal-000001"><span class="s2073910DefaultParagraphFont">(4)    Any person engaged in or proposing to be engaged in or assisting in the promotion or formation of a domestic insurer or insurance holding corporation, or corporation to finance a domestic insurer or the production of its business.</span></p><p dir="ltr" class="s2073910Normal"><span xml:space="preserve" class="s2073910000002"> </span></p><p dir="ltr" class="s2073910Normal"><span class="s2073910SCL">Source:</span><span xml:space="preserve" class="s2073910SCL-000003"> SL 1966, ch 111, ch 2, § 17; SL 2001, ch 286, § 61.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-3 - EXAMINATION OF INSURERS AND INSURANCE PRODUCERS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2073911Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2073911SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073911CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2073911Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2073911DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2073911000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2073911SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073911SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2073911Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-3-6"><span class="s2073911SENU">58-3-6</span></a><span xml:space="preserve" class="s2073911SENU">. </span><span class="s2073911CL">Place where examination conducted.</span></p><p dir="ltr" class="s2073911Normal-000000"><span class="s2073911DefaultParagraphFont">The director shall conduct any such examination at the home office, if a domestic or foreign insurer, or United States branch office, if an alien insurer, of the insurer, or in any of its branch or agency offices; or with respect to persons other than insurers, at the office or other place of business of such person or at any place where his records are kept.</span></p><p dir="ltr" class="s2073911Normal"><span xml:space="preserve" class="s2073911000001"> </span></p><p dir="ltr" class="s2073911Normal"><span class="s2073911SCL">Source:</span><span xml:space="preserve" class="s2073911SCL-000002"> SL 1966, ch 111, ch 2, § 18 (1).</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-3 - EXAMINATION OF INSURERS AND INSURANCE PRODUCERS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2073912Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2073912SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073912CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2073912Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2073912DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2073912000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2073912SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073912SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2073912Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-3-7"><span class="s2073912SENU">58-3-7</span></a><span xml:space="preserve" class="s2073912SENU">. </span><span class="s2073912CL">Information to be available--Cooperation of persons being examined.</span></p><p dir="ltr" class="s2073912Normal-000000"><span class="s2073912DefaultParagraphFont">Every person being examined, its officers, employees, insurance producers, and representatives shall produce and make freely available to the director or the director's examiners the accounts, records, documents, files, assets, and other relevant information in their possession or control relating to the subject of the examination, and shall otherwise facilitate and aid the examination as far as reasonably possible.</span></p><p dir="ltr" class="s2073912Normal"><span xml:space="preserve" class="s2073912000001"> </span></p><p dir="ltr" class="s2073912Normal"><span class="s2073912SCL">Source:</span><span xml:space="preserve" class="s2073912SCL-000002"> SL 1966, ch 111, ch 2, § 18 (2); SL 2001, ch 286, § 62; SL 2012, ch 241, § 1.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-3 - EXAMINATION OF INSURERS AND INSURANCE PRODUCERS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2073913Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2073913SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073913CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2073913Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2073913DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2073913000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2073913SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073913SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2073913Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-3-7.1"><span class="s2073913SENU">58-3-7.1</span></a><span xml:space="preserve" class="s2073913SENU">. </span><span class="s2073913CL">Observance of guidelines and procedures by examiner.</span></p><p dir="ltr" class="s2073913Normal-000000"><span xml:space="preserve" class="s2073913DefaultParagraphFont">The examiner shall observe those guidelines and procedures set forth in the Examiners Handbook adopted by the National Association of Insurance Commissioners as adopted by rule by the director pursuant to chapter </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=1-26"><span class="s2073913DefaultParagraphFont">1-26</span></a><span class="s2073913DefaultParagraphFont">. The director may also establish additional guidelines or procedures the director considers appropriate.</span></p><p dir="ltr" class="s2073913Normal"><span xml:space="preserve" class="s2073913000001"> </span></p><p dir="ltr" class="s2073913Normal"><span class="s2073913SCL">Source:</span><span xml:space="preserve" class="s2073913SCL-000002"> SL 1992, ch 338, § 5; SL 1993, ch 357, § 1; SL 1995, ch 273, § 2.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-3 - EXAMINATION OF INSURERS AND INSURANCE PRODUCERS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2073914Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2073914SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073914CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2073914Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2073914DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2073914000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2073914SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073914SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2073914Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-3-7.2"><span class="s2073914SENU">58-3-7.2</span></a><span xml:space="preserve" class="s2073914SENU">. </span><span class="s2073914CL">Penalty upon refusal to submit to examination--Suspension, refusal of, or nonrenewal of, license.</span></p><p dir="ltr" class="s2073914Normal-000000"><span class="s2073914DefaultParagraphFont">The refusal of any company, by its officers, directors, employees, or insurance producers, to submit to examination or to comply with any reasonable written request of the examiners constitutes grounds for suspension or refusal of, or nonrenewal of any license or authority held by the insurer or person to engage in an insurance or other business subject to the director's jurisdiction.</span></p><p dir="ltr" class="s2073914Normal"><span xml:space="preserve" class="s2073914000001"> </span></p><p dir="ltr" class="s2073914Normal"><span class="s2073914SCL">Source:</span><span xml:space="preserve" class="s2073914SCL-000002"> SL 1992, ch 338, § 6; SL 2001, ch 286, § 63.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-3 - EXAMINATION OF INSURERS AND INSURANCE PRODUCERS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2073915Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2073915SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073915CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2073915Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2073915DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2073915000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2073915SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073915SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2073915Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-3-7.3"><span class="s2073915SENU">58-3-7.3</span></a><span xml:space="preserve" class="s2073915SENU">. </span><span class="s2073915CL">Examination under oath--Authority of director or examiner.</span></p><p dir="ltr" class="s2073915Normal-000000"><span xml:space="preserve" class="s2073915DefaultParagraphFont">The director or any examiner authorized by the director may issue subpoenas, administer oaths, and examine under oath any person as to any matter pertinent to the examination. Subpoenas may be enforced pursuant to chapters </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=1-26"><span class="s2073915DefaultParagraphFont">1-26</span></a><span xml:space="preserve" class="s2073915DefaultParagraphFont">, </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=15-6"><span class="s2073915DefaultParagraphFont">15-6</span></a><span xml:space="preserve" class="s2073915DefaultParagraphFont">, and </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=21-34"><span class="s2073915DefaultParagraphFont">21-34</span></a><span class="s2073915DefaultParagraphFont">.</span></p><p dir="ltr" class="s2073915Normal"><span xml:space="preserve" class="s2073915000001"> </span></p><p dir="ltr" class="s2073915Normal"><span class="s2073915SCL">Source:</span><span xml:space="preserve" class="s2073915SCL-000002"> SL 1992, ch 338, § 7.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-3 - EXAMINATION OF INSURERS AND INSURANCE PRODUCERS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2073916Normal { text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2073916SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073916CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2073916Normal-000000 { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2073916DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2073916Normal-000001 { margin-left: 0.70in; text-indent: -0.45in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } span.s2073916000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2073916SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073916SCL-000003 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2073916Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-3-7.4"><span class="s2073916SENU">58-3-7.4</span></a><span xml:space="preserve" class="s2073916SENU">. </span><span class="s2073916CL">Insurer's claim files subject to examination--File maintenance requirements.</span></p><p dir="ltr" class="s2073916Normal-000000"><span xml:space="preserve" class="s2073916DefaultParagraphFont">Each insurer's claim files for policies or certificates are subject to examination pursuant to chapter </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-3"><span class="s2073916DefaultParagraphFont">58-3</span></a><span xml:space="preserve" class="s2073916DefaultParagraphFont"> by the director of insurance. To aid in the examination:</span></p><p dir="ltr" class="s2073916Normal-000001"><span class="s2073916DefaultParagraphFont">(1)    The insurer shall maintain claim data that is accessible and retrievable for examination. An insurer shall be able to provide the claim number, line of coverage, date of loss, and date of payment of the claim, date of denial, or date closed without payment. This claim data shall be available for all open and closed files for five years;</span></p><p dir="ltr" class="s2073916Normal-000001"><span class="s2073916DefaultParagraphFont">(2)    Detailed documentation shall be contained in each claim file in order to permit reconstruction of the insurer's activities relative to each claim;</span></p><p dir="ltr" class="s2073916Normal-000001"><span class="s2073916DefaultParagraphFont">(3)    Each relevant document within the claim file shall be noted as to date received, date processed, or date mailed. Dated correspondence is sufficient to document the date mailed for the purposes of this subdivision;</span></p><p dir="ltr" class="s2073916Normal-000001"><span class="s2073916DefaultParagraphFont">(4)    For those insurers that do not maintain hard copy files, claim files shall be accessible from a computer, microfilm, Cathode Ray Tube (CRT), micrographics, or other similar electronic means and be capable of duplication to hard copy; and</span></p><p dir="ltr" class="s2073916Normal-000001"><span class="s2073916DefaultParagraphFont">(5)    Claim information obtained in a telephone conversation or personal interview with any source which is used in the claim determination shall be documented in the claim file.</span></p><p dir="ltr" class="s2073916Normal"><span xml:space="preserve" class="s2073916000002"> </span></p><p dir="ltr" class="s2073916Normal"><span class="s2073916SCL">Source:</span><span xml:space="preserve" class="s2073916SCL-000003"> SL 1997, ch 283, § 5; SL 2009, ch 257, § 1.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-3 - EXAMINATION OF INSURERS AND INSURANCE PRODUCERS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2073917Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2073917SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073917CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2073917Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2073917DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2073917000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2073917SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073917SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2073917Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-3-8"><span class="s2073917SENU">58-3-8</span></a><span xml:space="preserve" class="s2073917SENU">. </span><span class="s2073917CL">Examination disclosing inadequate records--Correction of accounts.</span></p><p dir="ltr" class="s2073917Normal-000000"><span class="s2073917DefaultParagraphFont">If the director finds accounts to be inadequate, or inadequately kept or posted, he may employ experts to rewrite, post, or balance them at the expense of the person being examined if such person has failed to complete or correct such accounting after the director has given him notice and a reasonable opportunity to do so.</span></p><p dir="ltr" class="s2073917Normal"><span xml:space="preserve" class="s2073917000001"> </span></p><p dir="ltr" class="s2073917Normal"><span class="s2073917SCL">Source:</span><span xml:space="preserve" class="s2073917SCL-000002"> SL 1966, ch 111, ch 2, § 18 (3).</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-3 - EXAMINATION OF INSURERS AND INSURANCE PRODUCERS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2073918Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2073918SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073918CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2073918Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2073918DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2073918000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2073918SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073918SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2073918Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-3-9"><span class="s2073918SENU">58-3-9</span></a><span xml:space="preserve" class="s2073918SENU">. </span><span class="s2073918CL">Valuation of real estate involved in examination--Appraisers, appointment, prompt appraisal, report--Expense of appraisal, liability of person examined.</span></p><p dir="ltr" class="s2073918Normal-000000"><span class="s2073918DefaultParagraphFont">If the director deems it necessary to value any real estate involved in any such examination, he may make written request of the person being examined to appoint one or more competent appraisers approved by the director, for the purpose of appraising such property. If no such appointment is made within ten days after such request is delivered to such person, the Department of Labor and Regulation may appoint the appraiser or appraisers. Any such appraisal shall be made promptly, and a copy of the report thereof shall be furnished to the director. The reasonable expense of the appraisal shall be borne by the person being examined.</span></p><p dir="ltr" class="s2073918Normal"><span xml:space="preserve" class="s2073918000001"> </span></p><p dir="ltr" class="s2073918Normal"><span class="s2073918SCL">Source:</span><span xml:space="preserve" class="s2073918SCL-000002"> SL 1966, ch 111, ch 2, § 18 (4); SL 2003, ch 272 (Ex. Ord. 03-1), § 20; SL 2011, ch 1 (Ex. Ord. </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=11-1"><span class="s2073918SCL-000002">11-1</span></a><span class="s2073918SCL-000002">), § 162, eff. Apr. 12, 2011.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-3 - EXAMINATION OF INSURERS AND INSURANCE PRODUCERS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2073919Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2073919SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073919CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2073919Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2073919DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2073919000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2073919SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073919SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2073919Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-3-10"><span class="s2073919SENU">58-3-10</span></a><span xml:space="preserve" class="s2073919SENU">. </span><span class="s2073919CL">Examination reports required.</span></p><p dir="ltr" class="s2073919Normal-000000"><span class="s2073919DefaultParagraphFont">The director or his examiner shall make a full and true report of each examination.</span></p><p dir="ltr" class="s2073919Normal"><span xml:space="preserve" class="s2073919000001"> </span></p><p dir="ltr" class="s2073919Normal"><span class="s2073919SCL">Source:</span><span xml:space="preserve" class="s2073919SCL-000002"> SL 1966, ch 111, ch 2, § 20 (1).</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-3 - EXAMINATION OF INSURERS AND INSURANCE PRODUCERS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2073920Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2073920SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073920CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2073920Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2073920DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2073920000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2073920SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073920SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2073920Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-3-11"><span class="s2073920SENU">58-3-11</span></a><span xml:space="preserve" class="s2073920SENU">. </span><span class="s2073920CL">Contents of examination reports.</span></p><p dir="ltr" class="s2073920Normal-000000"><span xml:space="preserve" class="s2073920DefaultParagraphFont">The report shall be comprised only of facts appearing from the books, papers, records, or documents of the person being examined, or ascertained from the statements of individuals concerning its affairs and the examiner's conclusions and recommendations based on procedures and guidelines adopted by the National Association of Insurance Commissioners or state statutes or rules. The director shall adopt the procedures and guidelines and their effective date by rule promulgated pursuant to chapter </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=1-26"><span class="s2073920DefaultParagraphFont">1-26</span></a><span class="s2073920DefaultParagraphFont">.</span></p><p dir="ltr" class="s2073920Normal"><span xml:space="preserve" class="s2073920000001"> </span></p><p dir="ltr" class="s2073920Normal"><span class="s2073920SCL">Source:</span><span xml:space="preserve" class="s2073920SCL-000002"> SL 1966, ch 111, ch 2, § 20 (2); SL 1992, ch 338, § 8; SL 1993, ch 357, § 2; SL 1994, ch 375, § 4; SL 1997, ch 283, § 4.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-3 - EXAMINATION OF INSURERS AND INSURANCE PRODUCERS</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.s18573c5e5f664d12b4b4644418e13400Normal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s18573c5e5f664d12b4b4644418e13400SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s18573c5e5f664d12b4b4644418e13400CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s18573c5e5f664d12b4b4644418e13400Statute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s18573c5e5f664d12b4b4644418e13400DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s18573c5e5f664d12b4b4644418e13400StatuteNumber1 { margin-left: 0.75in; text-indent: -0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } span.s18573c5e5f664d12b4b4644418e13400000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s18573c5e5f664d12b4b4644418e13400NoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s18573c5e5f664d12b4b4644418e13400DefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s18573c5e5f664d12b4b4644418e13400SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 58-3-12 - Examination reports--Copy to company examined--Review by director--Order."><meta property="og:description" content="SDLRC Codified Law 58-3-12 - Examination reports--Copy to company examined--Review by director--Order."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes?Statute=58-3-12"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="s18573c5e5f664d12b4b4644418e13400Normal"><a href="https://sdlegislature.gov/Statutes?Statute=58-3-12" rel="noopener"><span class="s18573c5e5f664d12b4b4644418e13400SENU">58-3-12</span></a><span xml:space="preserve" class="s18573c5e5f664d12b4b4644418e13400SENU">. </span><span class="s18573c5e5f664d12b4b4644418e13400CL">Examination reports--Copy to company examined--Review by director--Order.</span></p><p dir="ltr" class="s18573c5e5f664d12b4b4644418e13400Statute"><span class="s18573c5e5f664d12b4b4644418e13400DefaultParagraphFont">No later than sixty days following completion of the examination, the examiner in charge shall file with the division a written report of examination under oath. Upon receipt of the report, the division shall transmit the report to the company examined. The company may make a written submission or rebuttal with respect to any matters contained in the examination report within thirty days of transmittal of the report.</span></p><p dir="ltr" class="s18573c5e5f664d12b4b4644418e13400Statute"><span class="s18573c5e5f664d12b4b4644418e13400DefaultParagraphFont">Within thirty days of receipt of written submissions or rebuttals, if any, the director shall fully consider and review the report, together with any written submissions or rebuttals and any relevant portions of the examiner's work papers, and enter an order:</span></p><p dir="ltr" class="s18573c5e5f664d12b4b4644418e13400StatuteNumber1"><span class="s18573c5e5f664d12b4b4644418e13400DefaultParagraphFont">(1)    Adopting the examination report as filed or with modification or corrections. If the examination report reveals that the company is operating in violation of any law, regulation or prior order of the director, the director may order the company to take any action the director considers necessary and appropriate to cure the violation;</span></p><p dir="ltr" class="s18573c5e5f664d12b4b4644418e13400StatuteNumber1"><span class="s18573c5e5f664d12b4b4644418e13400DefaultParagraphFont">(2)    Rejecting the examination report with directions to the examiners to reopen the examination for purposes of obtaining additional data, documentation, or information, and refiling pursuant to the procedures in subdivision (1) for the initial report; or</span></p><p dir="ltr" class="s18573c5e5f664d12b4b4644418e13400StatuteNumber1"><span class="s18573c5e5f664d12b4b4644418e13400DefaultParagraphFont">(3)    Calling for an investigatory hearing with no less than twenty days' notice to the company for purposes of obtaining additional documentation, data, information, and testimony.</span></p><p dir="ltr" class="s18573c5e5f664d12b4b4644418e13400Normal"><span xml:space="preserve" class="s18573c5e5f664d12b4b4644418e13400000000"> </span></p><p dir="ltr" class="s18573c5e5f664d12b4b4644418e13400NoIndent"><span xml:space="preserve" class="s18573c5e5f664d12b4b4644418e13400DefaultParagraphFont-000001">Source: </span><span class="s18573c5e5f664d12b4b4644418e13400SCL">SL 1966, ch 111, ch 2, § 20 (3); SL 1992, ch 338, § 9; SL 2023, ch 163, § 1.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-3 - EXAMINATION OF INSURERS AND INSURANCE PRODUCERS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2073922Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2073922SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073922CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2073922Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2073922DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2073922000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2073922SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073922SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2073922Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-3-12.1"><span class="s2073922SENU">58-3-12.1</span></a><span xml:space="preserve" class="s2073922SENU">. </span><span class="s2073922CL">Examinations other than financial examinations--Examination report--Optional or mandatory.</span></p><p dir="ltr" class="s2073922Normal-000000"><span xml:space="preserve" class="s2073922DefaultParagraphFont">Notwithstanding §§ </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-3-10"><span class="s2073922DefaultParagraphFont">58-3-10</span></a><span xml:space="preserve" class="s2073922DefaultParagraphFont"> and </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-3-12"><span class="s2073922DefaultParagraphFont">58-3-12</span></a><span class="s2073922DefaultParagraphFont">, for examinations, other than financial examinations, subject to the provisions of this chapter, the director or the examiner may issue an examination report. If an examination report is issued pursuant to this section, the applicable provisions of this chapter apply. If the person being examined makes a written request for an examination report within thirty days of receipt of written notice by the director of the completion of the examination, the director or examiner shall issue the examination report within sixty days of the date of the receipt of the request or the completion of the examination, whichever is later.</span></p><p dir="ltr" class="s2073922Normal"><span xml:space="preserve" class="s2073922000001"> </span></p><p dir="ltr" class="s2073922Normal"><span class="s2073922SCL">Source:</span><span xml:space="preserve" class="s2073922SCL-000002"> SL 2005, ch 262, § 1.</span></p><p dir="ltr" class="s2073922Normal"><span xml:space="preserve" class="s2073922000001"> </span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-3 - EXAMINATION OF INSURERS AND INSURANCE PRODUCERS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2073923Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2073923SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073923CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2073923Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2073923DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2073923000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2073923SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073923SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2073923Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-3-12.2"><span class="s2073923SENU">58-3-12.2</span></a><span xml:space="preserve" class="s2073923SENU">. </span><span class="s2073923CL">Market conduct examination--Draft examination report.</span></p><p dir="ltr" class="s2073923Normal-000000"><span xml:space="preserve" class="s2073923DefaultParagraphFont">Prior to the completion of a market conduct examination, the director may request that the examiner in charge provide a draft examination report that is not to be filed under oath. The draft examination report does not constitute the conclusion of the examination and does not trigger the provisions of § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-3-12"><span class="s2073923DefaultParagraphFont">58-3-12</span></a><span xml:space="preserve" class="s2073923DefaultParagraphFont"> until filed with the division under oath. Once the division has received the draft examination report, the director may share the draft examination report with the company examined to facilitate the resolution of the examination. The examiner in charge shall submit the examination report under oath and trigger the provisions of § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-3-12"><span class="s2073923DefaultParagraphFont">58-3-12</span></a><span xml:space="preserve" class="s2073923DefaultParagraphFont"> within one hundred eighty days of the director sharing the draft examination report pursuant to this section, unless the secretary provides a longer timeframe to allow additional consideration of the draft examination report by the company being examined. Nothing in this section applies to financial examinations.</span></p><p dir="ltr" class="s2073923Normal"><span xml:space="preserve" class="s2073923000001"> </span></p><p dir="ltr" class="s2073923Normal"><span class="s2073923SCL">Source:</span><span xml:space="preserve" class="s2073923SCL-000002"> SL 2014, ch 232, § 1.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-3 - EXAMINATION OF INSURERS AND INSURANCE PRODUCERS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2073924Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2073924SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073924CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2073924Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2073924DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2073924000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2073924SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073924SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2073924Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-3-12.3"><span class="s2073924SENU">58-3-12.3</span></a><span xml:space="preserve" class="s2073924SENU">. </span><span xml:space="preserve" class="s2073924CL">Draft examination report not governed by §§ </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-3-10"><span class="s2073924CL">58-3-10</span></a><span xml:space="preserve" class="s2073924CL"> to </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-3-18"><span class="s2073924CL">58-3-18</span></a><span class="s2073924CL">.</span></p><p dir="ltr" class="s2073924Normal-000000"><span xml:space="preserve" class="s2073924DefaultParagraphFont">The provisions of §§ </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-3-10"><span class="s2073924DefaultParagraphFont">58-3-10</span></a><span xml:space="preserve" class="s2073924DefaultParagraphFont"> to </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-3-18"><span class="s2073924DefaultParagraphFont">58-3-18</span></a><span class="s2073924DefaultParagraphFont">, inclusive, do not apply to the draft examination report.</span></p><p dir="ltr" class="s2073924Normal"><span xml:space="preserve" class="s2073924000001"> </span></p><p dir="ltr" class="s2073924Normal"><span class="s2073924SCL">Source:</span><span xml:space="preserve" class="s2073924SCL-000002"> SL 2014, ch 232, § 2.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-3 - EXAMINATION OF INSURERS AND INSURANCE PRODUCERS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2073925Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2073925SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073925CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2073925Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2073925DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2073925000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2073925SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073925SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2073925Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-3-12.4"><span class="s2073925SENU">58-3-12.4</span></a><span xml:space="preserve" class="s2073925SENU">. </span><span class="s2073925CL">Confidentiality of draft examination report.</span></p><p dir="ltr" class="s2073925Normal-000000"><span xml:space="preserve" class="s2073925DefaultParagraphFont">Each draft examination report described in § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-3-12.2"><span class="s2073925DefaultParagraphFont">58-3-12.2</span></a><span xml:space="preserve" class="s2073925DefaultParagraphFont"> is confidential. No draft examination report may be released except pursuant to a court order.</span></p><p dir="ltr" class="s2073925Normal"><span xml:space="preserve" class="s2073925000001"> </span></p><p dir="ltr" class="s2073925Normal"><span class="s2073925SCL">Source:</span><span xml:space="preserve" class="s2073925SCL-000002"> SL 2014, ch 232, § 3.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-3 - EXAMINATION OF INSURERS AND INSURANCE PRODUCERS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2073926Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2073926SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073926CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2073926Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2073926DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2073926000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2073926SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073926SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2073926Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-3-13"><span class="s2073926SENU">58-3-13</span></a><span xml:space="preserve" class="s2073926SENU">. </span><span class="s2073926CL">Filed examination report admissible in evidence.</span></p><p dir="ltr" class="s2073926Normal-000000"><span xml:space="preserve" class="s2073926DefaultParagraphFont">The report when so filed shall be admissible in evidence, in any action or proceeding brought by the director against the person examined, or against its officers, representatives, or insurance producers, of the facts stated therein. The director and the director's examiners may at any time testify and offer other proper evidence as to information secured during the course of an examination, whether or not a written report of the examination has at that time been either made, served, or filed in the director's office. </span></p><p dir="ltr" class="s2073926Normal"><span xml:space="preserve" class="s2073926000001"> </span></p><p dir="ltr" class="s2073926Normal"><span class="s2073926SCL">Source:</span><span xml:space="preserve" class="s2073926SCL-000002"> SL 1966, ch 111, ch 2, § 20 (4); SL 2001, ch 286, § 64.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-3 - EXAMINATION OF INSURERS AND INSURANCE PRODUCERS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2073927Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2073927SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073927CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2073927Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2073927DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2073927000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2073927SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073927SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2073927Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-3-14"><span class="s2073927SENU">58-3-14</span></a><span xml:space="preserve" class="s2073927SENU">. </span><span class="s2073927CL">Withholding of report from public inspection.</span></p><p dir="ltr" class="s2073927Normal-000000"><span xml:space="preserve" class="s2073927DefaultParagraphFont">Upon the adoption of the examination report under subdivision 58-3-12(1), the director shall continue to hold the content of the examination report as confidential information for a period of thirty days except to the extent provided in §§ </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-3-20"><span class="s2073927DefaultParagraphFont">58-3-20</span></a><span xml:space="preserve" class="s2073927DefaultParagraphFont">, </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-3-21"><span class="s2073927DefaultParagraphFont">58-3-21</span></a><span xml:space="preserve" class="s2073927DefaultParagraphFont">, and </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-3-22"><span class="s2073927DefaultParagraphFont">58-3-22</span></a><span class="s2073927DefaultParagraphFont">. Thereafter, the director may open the report for public inspection so long as no court of competent jurisdiction has stayed its publication.</span></p><p dir="ltr" class="s2073927Normal"><span xml:space="preserve" class="s2073927000001"> </span></p><p dir="ltr" class="s2073927Normal"><span class="s2073927SCL">Source:</span><span xml:space="preserve" class="s2073927SCL-000002"> SL 1966, ch 111, ch 2, § 20 (5); SL 1992, ch 338, § 21.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-3 - EXAMINATION OF INSURERS AND INSURANCE PRODUCERS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2073928Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2073928SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073928CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2073928Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2073928DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2073928Normal-000001 { margin-top: 0; margin-bottom: 0; text-indent: 0.25in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2073928000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2073928SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073928SCL-000003 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2073928Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-3-15"><span class="s2073928SENU">58-3-15</span></a><span xml:space="preserve" class="s2073928SENU">. </span><span class="s2073928CL">Expenses of examination paid by person examined.</span></p><p dir="ltr" class="s2073928Normal-000000"><span xml:space="preserve" class="s2073928DefaultParagraphFont">Each person so examined, other than as to examinations pursuant to § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-3-5"><span class="s2073928DefaultParagraphFont">58-3-5</span></a><span class="s2073928DefaultParagraphFont">, shall pay the travel expenses, a reasonable living expense allowance, and a per diem as compensation of examiners, as necessarily incurred on account of the examination, all at reasonable rates customary therefor and as established or adopted by the director, upon presentation of a detailed account of charges and expenses. The account may be so presented periodically during the course of the examination or at the termination of the examination.</span></p><p dir="ltr" class="s2073928Normal-000001"><span class="s2073928DefaultParagraphFont">The division may retain at the insurer's expense, consultants, attorneys, actuaries, accountants, and other experts not otherwise a part of the director's staff as shall be reasonably necessary to assist in the conduct of the examination. Any person so retained shall be under the direction and control of the director and shall act in a purely advisory capacity. Each insurer producing records, books, and papers for examination pursuant to this chapter is liable for and shall pay the expense of the examination.</span></p><p dir="ltr" class="s2073928Normal"><span xml:space="preserve" class="s2073928000002"> </span></p><p dir="ltr" class="s2073928Normal"><span class="s2073928SCL">Source:</span><span xml:space="preserve" class="s2073928SCL-000003"> SL 1966, ch 111, ch 2, § 19; SL 1977, ch 404, § 2; SL 1995, ch 273, § 1.</span></p></div></body></html><br /><hr><br /> <HTML> <HEAD> <HTML> <HEAD> <meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-3 - EXAMINATION OF INSURERS AND INSURANCE PRODUCERS58-3-16 </title> <META NAME="Keywords" Content="South Dakota Codified Laws SDCL 58-3-16 "> <META NAME="Description" Content="South Dakota Codified Laws 58-3-16"> </HEAD> <BODY> <!-- File converted by Wp2Html Version 4.0 --> <!-- Email Andrew@brackenbeds.co.uk for more details --> <!-- WP Style Open: System_34 --><!-- WP Style End: System_34 --> <Div align="full"> <!-- WP Paired Style On: SENU -->&nbsp;&nbsp;&nbsp;&nbsp;<!-- WP Style End: SENU --> 58-3-16. <!-- WP Paired Style Off: SENU -->&nbsp;<!-- WP Style End: SENU --> Repealed by SL 1977, ch 404, &#167;&nbsp;3<p> </BODY> </HTML> <br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-3 - EXAMINATION OF INSURERS AND INSURANCE PRODUCERS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2073930Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2073930SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073930CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2073930Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2073930DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2073930000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2073930SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073930SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2073930Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-3-17"><span class="s2073930SENU">58-3-17</span></a><span xml:space="preserve" class="s2073930SENU">. </span><span class="s2073930CL">Order adopting examination report as final decision--Service--Affidavit of receipt.</span></p><p dir="ltr" class="s2073930Normal-000000"><span xml:space="preserve" class="s2073930DefaultParagraphFont">Each order entered pursuant to subdivision 58-3-12(1) shall be in accordance with chapter </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=1-26"><span class="s2073930DefaultParagraphFont">1-26</span></a><span class="s2073930DefaultParagraphFont">. The order shall be accompanied by findings of fact and conclusions of law and constitutes a final decision. The order shall be served upon the company by certified mail, together with a copy of the adopted examination reports. The order shall include the provisions of this section. The company shall then serve its directors. Within thirty days of the issuance of the adopted report, the company shall file affidavits executed by each of its directors stating that it has received a copy of the adopted report and related orders.</span></p><p dir="ltr" class="s2073930Normal"><span xml:space="preserve" class="s2073930000001"> </span></p><p dir="ltr" class="s2073930Normal"><span class="s2073930SCL">Source:</span><span xml:space="preserve" class="s2073930SCL-000002"> SL 1992, ch 338, § 10; SL 2010, ch 234, § 1.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-3 - EXAMINATION OF INSURERS AND INSURANCE PRODUCERS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2073931Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2073931SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073931CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2073931Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2073931DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2073931000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2073931SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073931SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2073931Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-3-18"><span class="s2073931SENU">58-3-18</span></a><span xml:space="preserve" class="s2073931SENU">. </span><span class="s2073931CL">Confidential investigative hearing--Inconsistencies in examination report.</span></p><p dir="ltr" class="s2073931Normal-000000"><span xml:space="preserve" class="s2073931DefaultParagraphFont">Subject to § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-3-11"><span class="s2073931DefaultParagraphFont">58-3-11</span></a><span class="s2073931DefaultParagraphFont">, any investigative hearing conducted under subdivision 58-3-12(3) shall be a confidential, investigatory proceeding for the resolution of any inconsistencies, discrepancies, or disputed issues apparent upon the face of the filed examination report or raised by or as a result of the director's review of relevant work papers or by the written submission or rebuttal of the company.</span></p><p dir="ltr" class="s2073931Normal"><span xml:space="preserve" class="s2073931000001"> </span></p><p dir="ltr" class="s2073931Normal"><span class="s2073931SCL">Source:</span><span xml:space="preserve" class="s2073931SCL-000002"> SL 1992, ch 338, § 11.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-3 - EXAMINATION OF INSURERS AND INSURANCE PRODUCERS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2073932Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2073932SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073932CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2073932Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2073932DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2073932Normal-000001 { margin-top: 0; margin-bottom: 0; text-indent: 0.25in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2073932000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2073932SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073932SCL-000003 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2073932Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-3-19"><span class="s2073932SENU">58-3-19</span></a><span xml:space="preserve" class="s2073932SENU">. </span><span class="s2073932CL">Conducting hearing--Discovery.</span></p><p dir="ltr" class="s2073932Normal-000000"><span xml:space="preserve" class="s2073932DefaultParagraphFont">The director may not appoint an examiner to conduct the hearing in § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-3-18"><span class="s2073932DefaultParagraphFont">58-3-18</span></a><span class="s2073932DefaultParagraphFont">. Discovery by the company is limited to the evidence, materials, and examiner's work papers specifically relating to the company being examined and which tend to substantiate or rebut any assertions set forth in any written submission. The documents produced shall be included in the record and testimony taken shall be under oath and preserved for the record.</span></p><p dir="ltr" class="s2073932Normal-000001"><span class="s2073932DefaultParagraphFont">Nothing contained in this section requires the division to disclose any information or records which would indicate or show the existence or content of any investigation or activity of a criminal justice agency.</span></p><p dir="ltr" class="s2073932Normal"><span xml:space="preserve" class="s2073932000002"> </span></p><p dir="ltr" class="s2073932Normal"><span class="s2073932SCL">Source:</span><span xml:space="preserve" class="s2073932SCL-000003"> SL 1992, ch 338, § 12.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-3 - EXAMINATION OF INSURERS AND INSURANCE PRODUCERS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2073933Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2073933SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073933CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2073933Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2073933DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2073933000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2073933SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073933SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2073933Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-3-20"><span class="s2073933SENU">58-3-20</span></a><span xml:space="preserve" class="s2073933SENU">. </span><span class="s2073933CL">Use of information discovered during examination for legal or regulatory action.</span></p><p dir="ltr" class="s2073933Normal-000000"><span class="s2073933DefaultParagraphFont">The director may use and make public any final or preliminary examination report, any examiner or company work papers or other documents, or any other information discovered or developed during the course of any examination in the furtherance of any legal or regulatory action.</span></p><p dir="ltr" class="s2073933Normal"><span xml:space="preserve" class="s2073933000001"> </span></p><p dir="ltr" class="s2073933Normal"><span class="s2073933SCL">Source:</span><span xml:space="preserve" class="s2073933SCL-000002"> SL 1992, ch 338, § 13.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-3 - EXAMINATION OF INSURERS AND INSURANCE PRODUCERS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2073934Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2073934SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073934CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2073934Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2073934DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2073934000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2073934SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073934SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2073934Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-3-21"><span class="s2073934SENU">58-3-21</span></a><span xml:space="preserve" class="s2073934SENU">. </span><span class="s2073934CL">Disclosure of contents of examination report to insurance department or law enforcement agencies--Confidentiality.</span></p><p dir="ltr" class="s2073934Normal-000000"><span class="s2073934DefaultParagraphFont">The director is not prohibited from disclosing the contents of an examination report, preliminary examination report or results, or any matter or documentation relating thereto, to the insurance department of this or any other state or country, or to law enforcement officials of this or any other state or agency of the federal government at any time, if the agency or office receiving the report or matters relating thereto agrees in writing to hold it confidential and in a manner consistent with this chapter. Any examination report, preliminary examiners report or results or any material or documentation relating thereto received by the director from another jurisdiction is confidential unless otherwise indicated by that jurisdiction.</span></p><p dir="ltr" class="s2073934Normal"><span xml:space="preserve" class="s2073934000001"> </span></p><p dir="ltr" class="s2073934Normal"><span class="s2073934SCL">Source:</span><span xml:space="preserve" class="s2073934SCL-000002"> SL 1992, ch 338, § 14.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-3 - EXAMINATION OF INSURERS AND INSURANCE PRODUCERS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2073935Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2073935SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073935CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2073935Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2073935DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2073935Normal-000001 { margin-top: 0; margin-bottom: 0; text-indent: 0.25in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2073935000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2073935SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073935SCL-000003 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2073935Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-3-22"><span class="s2073935SENU">58-3-22</span></a><span xml:space="preserve" class="s2073935SENU">. </span><span class="s2073935CL">Confidentiality of disclosed information--Exceptions--Access by National Association of Insurance Commissioners.</span></p><p dir="ltr" class="s2073935Normal-000000"><span xml:space="preserve" class="s2073935DefaultParagraphFont">All working papers, recorded information, documents, and copies thereof produced by, obtained by, or disclosed to the director or any other person in the course of an examination made under this chapter are confidential and may not be made public by the director or any other person, except to the extent provided in §§ </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-3-14"><span class="s2073935DefaultParagraphFont">58-3-14</span></a><span xml:space="preserve" class="s2073935DefaultParagraphFont">, </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-3-20"><span class="s2073935DefaultParagraphFont">58-3-20</span></a><span xml:space="preserve" class="s2073935DefaultParagraphFont">, and </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-3-21"><span class="s2073935DefaultParagraphFont">58-3-21</span></a><span xml:space="preserve" class="s2073935DefaultParagraphFont"> and in any administrative or court proceeding between the company and the division.</span></p><p dir="ltr" class="s2073935Normal-000001"><span class="s2073935DefaultParagraphFont">Access may also be granted to the National Association of Insurance Commissioners. The parties shall agree in writing prior to receiving the information to hold it confidential unless the prior written consent of the company to which it pertains has been obtained.</span></p><p dir="ltr" class="s2073935Normal"><span xml:space="preserve" class="s2073935000002"> </span></p><p dir="ltr" class="s2073935Normal"><span class="s2073935SCL">Source:</span><span xml:space="preserve" class="s2073935SCL-000003"> SL 1992, ch 338, § 15.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-3 - EXAMINATION OF INSURERS AND INSURANCE PRODUCERS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2073936Normal { text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2073936SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073936CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2073936Normal-000000 { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2073936DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2073936Normal-000001 { margin-left: 0.70in; text-indent: -0.45in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } span.s2073936000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2073936SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073936SCL-000003 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2073936Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-3-23"><span class="s2073936SENU">58-3-23</span></a><span xml:space="preserve" class="s2073936SENU">. </span><span class="s2073936CL">Preclusion of examiner--Grounds.</span></p><p dir="ltr" class="s2073936Normal-000000"><span class="s2073936DefaultParagraphFont">No examiner may be appointed by the director if the examiner, either directly or indirectly, has a conflict of interest or is affiliated with the management of or owns a pecuniary interest in any person subject to examination under this chapter. This section may not be construed to automatically preclude an examiner from being:</span></p><p dir="ltr" class="s2073936Normal-000001"><span class="s2073936DefaultParagraphFont">(1)    A policyholder or claimant under an insurance policy;</span></p><p dir="ltr" class="s2073936Normal-000001"><span class="s2073936DefaultParagraphFont">(2)    A grantor of a mortgage or similar instrument on the examiner's residence to a regulated entity if done under customary terms and in the ordinary course of business;</span></p><p dir="ltr" class="s2073936Normal-000001"><span class="s2073936DefaultParagraphFont">(3)    An investment owner in shares of regulated diversified investment companies; or</span></p><p dir="ltr" class="s2073936Normal-000001"><span class="s2073936DefaultParagraphFont">(4)    A settlor or beneficiary of a "blind trust" into which any otherwise impermissible holdings have been placed.</span></p><p dir="ltr" class="s2073936Normal"><span xml:space="preserve" class="s2073936000002"> </span></p><p dir="ltr" class="s2073936Normal"><span class="s2073936SCL">Source:</span><span xml:space="preserve" class="s2073936SCL-000003"> SL 1992, ch 338, § 16.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-3 - EXAMINATION OF INSURERS AND INSURANCE PRODUCERS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2073937Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2073937SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073937CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2073937Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2073937DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2073937Normal-000001 { margin-top: 0; margin-bottom: 0; text-indent: 0.25in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2073937000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2073937SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073937SCL-000003 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2073937Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-3-24"><span class="s2073937SENU">58-3-24</span></a><span xml:space="preserve" class="s2073937SENU">. </span><span class="s2073937CL">Liability of director or examiner--Liability for communicating or delivering information--Intent.</span></p><p dir="ltr" class="s2073937Normal-000000"><span class="s2073937DefaultParagraphFont">No cause of action may arise nor may any liability be imposed against the director, the director's authorized representatives, or any examiner appointed by the director for any statements made or conduct performed in good faith while carrying out the provisions of this chapter. This section does not abrogate or modify in any way any common law or statutory privilege or immunity enjoyed by any person identified.</span></p><p dir="ltr" class="s2073937Normal-000001"><span class="s2073937DefaultParagraphFont">No cause of action may arise, nor may any liability be imposed against any person for the act of communicating or delivering information or data to the director or the director's authorized representative or examiner pursuant to an examination, if the act of communication or delivery was performed in good faith and without fraudulent intent or the intent to deceive.</span></p><p dir="ltr" class="s2073937Normal"><span xml:space="preserve" class="s2073937000002"> </span></p><p dir="ltr" class="s2073937Normal"><span class="s2073937SCL">Source:</span><span xml:space="preserve" class="s2073937SCL-000003"> SL 1992, ch 338, § 17.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-3 - EXAMINATION OF INSURERS AND INSURANCE PRODUCERS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2073938Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2073938SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073938CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2073938Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2073938DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2073938DefaultParagraphFont-000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2073938000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2073938SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073938SCL-000003 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2073938Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-3-25"><span class="s2073938SENU">58-3-25</span></a><span xml:space="preserve" class="s2073938SENU">. </span><span class="s2073938CL">Implementation of examination report's recommendations.</span></p><p dir="ltr" class="s2073938Normal-000000"><span xml:space="preserve" class="s2073938DefaultParagraphFont">When the examination is adopted and all rights to appeal have passed, the company shall implement the recommendations set forth in the final examination report within a time set by the director. The recommendations are those which are made pursuant to § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-3-11"><span class="s2073938DefaultParagraphFont">58-3-11</span></a><span class="s2073938DefaultParagraphFont">. The director may extend the time for implementation of the recommendation upon the written request of the company and if the company shows good cause for the extension. If the company does not implement the recommendations within the set time frame, the director may fine the company for each recommendation not implemented not more than twenty</span><span class="s2073938DefaultParagraphFont-000001">-</span><span class="s2073938DefaultParagraphFont">five thousand dollars or revoke or suspend the certificate of authority or both.</span></p><p dir="ltr" class="s2073938Normal"><span xml:space="preserve" class="s2073938000002"> </span></p><p dir="ltr" class="s2073938Normal"><span class="s2073938SCL">Source:</span><span xml:space="preserve" class="s2073938SCL-000003"> SL 1992, ch 338, § 19.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-3 - EXAMINATION OF INSURERS AND INSURANCE PRODUCERS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2073939Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2073939SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073939CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2073939Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2073939DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2073939000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2073939SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073939SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2073939Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-3-26"><span class="s2073939SENU">58-3-26</span></a><span xml:space="preserve" class="s2073939SENU">. </span><span class="s2073939CL">Promulgation of rules for examination.</span></p><p dir="ltr" class="s2073939Normal-000000"><span xml:space="preserve" class="s2073939DefaultParagraphFont">The director may promulgate rules pursuant to chapter </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=1-26"><span class="s2073939DefaultParagraphFont">1-26</span></a><span xml:space="preserve" class="s2073939DefaultParagraphFont"> concerning examinations, forms and procedures for reporting, examiners and their qualifications, investigations and hearing procedures.</span></p><p dir="ltr" class="s2073939Normal"><span xml:space="preserve" class="s2073939000001"> </span></p><p dir="ltr" class="s2073939Normal"><span class="s2073939SCL">Source:</span><span xml:space="preserve" class="s2073939SCL-000002"> SL 1992, ch 338, § 20.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-3 - EXAMINATION OF INSURERS AND INSURANCE PRODUCERS</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2073940Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2073940SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073940CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2073940Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2073940DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2073940000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2073940SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073940SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } body { text-decoration-skip-ink: none; } </style></head><body><div><p dir="ltr" class="s2073940Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-3-27"><span class="s2073940SENU">58-3-27</span></a><span xml:space="preserve" class="s2073940SENU">. </span><span class="s2073940CL">Application of chapter.</span></p><p dir="ltr" class="s2073940Normal-000000"><span class="s2073940DefaultParagraphFont">This chapter applies to all persons doing insurance business notwithstanding any provision exempting them from the insurance laws of this title.</span></p><p dir="ltr" class="s2073940Normal"><span xml:space="preserve" class="s2073940000001"> </span></p><p dir="ltr" class="s2073940Normal"><span class="s2073940SCL">Source:</span><span xml:space="preserve" class="s2073940SCL-000002"> SL 1992, ch 338, § 22.</span></p></div></body></html>