ARSD 20:06:09:21

ARSD 20:06:09:21. Reference to domestic insurer in acquisition

Last amended: 1993Year: 2026Length: 73 wordsOfficial source

Cite as S.D. Admin. R. 20:06:09:21

If the person being acquired is considered a "domestic insurer" solely because of the provisions of SDCL 58-5A-2, the name of the domestic insurer on the cover page must be indicated as follows: "ABC Insurance Company, a subsidiary of XYZ Holding Company." If an insurer pursuant to SDCL 59-5A-2 is being acquired, references to "the insurer" contained in Form A must refer to both the domestic subsidiary insurer and the person being acquired.
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