<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 58-5A-46 - &quot;Acquisition&quot; and &quot;Involved insurer&quot; defined--Limited application. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2074209Normal { 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.s2074209SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2074209CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2074209Normal-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.s2074209DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2074209Normal-000001 { margin-top: 0; margin-bottom: 0; margin-left: 0.70in; text-indent: -0.45in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-right: 0; } span.s2074209000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2074209SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2074209SCL-000003 { 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="s2074209Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-5A-46"><span class="s2074209SENU">58-5A-46</span></a><span xml:space="preserve" class="s2074209SENU">. </span><span class="s2074209CL">Acquisition and involved insurer defined.</span></p><p dir="ltr" class="s2074209Normal-000000"><span xml:space="preserve" class="s2074209DefaultParagraphFont">The following definitions shall only apply to §§ 58-5A-47 to </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-5A-53"><span class="s2074209DefaultParagraphFont">58-5A-53</span></a><span class="s2074209DefaultParagraphFont">, inclusive:</span></p><p dir="ltr" class="s2074209Normal-000001"><span class="s2074209DefaultParagraphFont">(1)    "Acquisition," any agreement, arrangement, or activity the consummation of which results in a person acquiring directly or indirectly the control of another person, and includes the acquisition of voting securities, assets, bulk reinsurance, and mergers; and</span></p><p dir="ltr" class="s2074209Normal-000001"><span class="s2074209DefaultParagraphFont">(2)    "Involved insurer," an insurer which either acquires or is acquired, is affiliated with an acquirer or acquired or is the result of a merger.</span></p><p dir="ltr" class="s2074209Normal"><span xml:space="preserve" class="s2074209000002"> </span></p><p dir="ltr" class="s2074209Normal"><span class="s2074209SCL">Source:</span><span xml:space="preserve" class="s2074209SCL-000003"> SL 1992, ch 341, § 8.</span></p></div></body></html>