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South Dakota · Through 2026-08-31

SDCL § 58-6A-4: Financial information submitted to director.

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Where this section sits in the code
  1. TITLE 58. INSURANCE
  2. CHAPTER 58-6A. RISK RETENTION GROUPS

Any risk retention group doing business in this state shall submit to the director:

(1) A copy of the group's financial statement submitted to its state of domicile, which shall be certified by an independent public accountant and contain a statement of opinion on loss and loss adjustment expense reserves made by a member of the American Academy of Actuaries or a qualified loss reserve specialist under criteria established by the National Association of Insurance Commissioners;

(2) A copy of each examination of the risk retention group as certified by the director or public official conducting the examination;

(3) Upon request by the director, a copy of any audit performed with respect to the risk retention group; and

(4) Such information as may be required to verify its continuing qualification as a risk retention group under this chapter.

Collected 2026-09-03T15:18:57Z. Source file · JSON

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