20:06:04:01Definitions.

Terms used in this chapter mean: (1) "Insurer," any domestic stock insurance company with an equity security subject to the provisions of SDCL 58-5-68 to 58-5-78, inclusive, and not exempt thereunder; (2) "Act," SDCL 58-5-68 to 58-5-78, inclusive; (3) "Officer," a president, vice-president, treasurer, actuary, secretary, controller and any other person who performs for the insurer functions corresponding to those performed by the foregoing officers; (4) "Equity security," any stock or similar security; or any voting trust certificate or certificate of deposit for such a security; or any security convertible, with or without consideration, into such a security, or carrying any warrant or right to subscribe to or purchase such a security; or any such warrant or right; (5) "Class," all securities of an insurer which are of substantially similar character and the holders of which enjoy substantially similar rights and privileges.

Source: 4 SDR 6, effective August 9, 1977; 12 SDR 151, 12 SDR 155, effective July 1, 1986.