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