{"data":{"id":"us-sd/sdcl-58-46-5","jurisdiction":"us-sd","citation":"SDCL § 58-46-5","heading":"Additional filing requirements.","body":"In addition to the information required by § 58-46-4, each applicant captive insurance company shall file with the director evidence of the following:\n(1) The amount and liquidity of its assets relative to the risks to be assumed;\n(2) The adequacy of the expertise, experience, and character of the management;\n(3) The overall soundness of its plan of operation;\n(4) The adequacy of the loss prevention programs of its parent and affiliated entities; and\n(5) Such other factors deemed relevant by the director in ascertaining whether the proposed captive insurance company will be able to meet its policy obligations.","path":["TITLE 58. INSURANCE","CHAPTER 58-46. CAPTIVE INSURANCE COMPANIES"],"source_url":"https://sdlegislature.gov/Statutes/58-46-5","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"ef3a870812fbf9f1c669bfa0e0cbd4c43da3494bb6dcd08606506543f8d5716a","source_id":"us-sd","stale":false,"prev":"us-sd/sdcl-58-46-4","next":"us-sd/sdcl-58-46-6"},"notice":"GroundRules: Original legal text. Not legal advice."}