SDCL § 10-44-5: Functions of regional home office and principal office--Rules.
Where this section sits in the code
- TITLE 10. TAXATION
- CHAPTER 10-44. INSURANCE COMPANY PREMIUM AND ANNUITY TAX
A regional home office, for the purposes of § 10-44-4, means an office performing, for an area covering one or more states, the following functions: the marketing, claims, underwriting, and policyholder servicing. A regional home office may also perform the following functions: actuarial; medical (where required); law; advertising and publications; public relations; and supervision and training of sales and service forces. A principal office shall perform the same functions in addition to decision making and corporate activities. The director may promulgate rules pursuant to chapter 1-26 to define the functions that qualify for the regional home office credit.
Collected 2026-09-03T15:18:56Z. Source file · JSON