State Codes and Statutes

Statutes > South-dakota > Title-58 > Chapter-28 > Statute-58-28-26

58-28-26. Factors considered by director in examining variable contracts. In connection with § 58-28-25, the director shall consider among other things:
(1) The history and financial condition of the insurer;
(2) The character, responsibility, and fitness of the officers and directors of the insurer; and
(3) The law and regulation under which the insurer is authorized in the state of domicile to issue variable contracts.

Source: SL 1966, ch 111, ch 6, § 36 (9) as added by SL 1967, ch 131; SDCL, § 58-28-10; SL 1971, ch 266, § 3.

State Codes and Statutes

Statutes > South-dakota > Title-58 > Chapter-28 > Statute-58-28-26

58-28-26. Factors considered by director in examining variable contracts. In connection with § 58-28-25, the director shall consider among other things:
(1) The history and financial condition of the insurer;
(2) The character, responsibility, and fitness of the officers and directors of the insurer; and
(3) The law and regulation under which the insurer is authorized in the state of domicile to issue variable contracts.

Source: SL 1966, ch 111, ch 6, § 36 (9) as added by SL 1967, ch 131; SDCL, § 58-28-10; SL 1971, ch 266, § 3.