State Codes and Statutes

Statutes > South-dakota > Title-58 > Chapter-06a > Statute-58-6a-3

58-6A-3. Information submitted to director--Contents. Before offering insurance in this state, a risk retention group not chartered in this state shall submit to the director:
(1) A statement identifying the states in which the risk retention group is chartered and licensed as a liability insurance company, date of chartering, its principal place of business, and such other information, including information on its membership, as the director of this state may require to verify that the risk retention group is qualified under this chapter;
(2) A copy of its plan of operations or a feasibility study and revisions of such plan or study submitted to its state of domicile. However, the provision relating to the submission of a plan of operation or a feasibility study does not apply with respect to any line or classification of liability insurance which was defined in the Product Liability Risk Retention Act of 1981, before October 27, 1986, and was offered before such date by any risk retention group which had been chartered and operating for not less than three years before such date; and
(3) A statement of registration which designates the director as its agent for the purpose of receiving service of legal documents or process.

Source: SL 1987, ch 372, § 3.