{"data":{"id":"us-sd/sdcl-58-5a-89","jurisdiction":"us-sd","citation":"SDCL § 58-5A-89","heading":"Conditions under which director may require maintenance of risk management framework, conduct of ORSA, and filing of ORSA summary report.","body":"Notwithstanding the exemptions from the requirements of §§ 58-5A-81 to 58-5A-93, inclusive, the director may require that an insurer maintain a risk management framework, conduct an ORSA, and file an ORSA summary report:\n(1) Based on unique circumstances including the type and volume of business written, ownership and organizational structure, federal agency requests, and international supervisor requests; or\n(2) If the insurer has risk-based capital levels requiring company action, meets one or more of the standards of an insurer deemed to be in hazardous financial condition, or otherwise exhibits qualities of a troubled insurer as determined by the director.","path":["TITLE 58. INSURANCE","CHAPTER 58-5A. INSURANCE HOLDING COMPANIES"],"source_url":"https://sdlegislature.gov/Statutes/58-5A-89","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"3467355e036fd5148f8dc223b2d921569cc4893168c97a6a850639bad997f2b9","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-58-5a-88","next":"us-sd/sdcl-58-5a-90"},"notice":"GroundRules: Original legal text. Not legal advice."}