20:06:09:21Reference to domestic insurer in acquisition.
Section · Administrative Rules of South Dakota · View on sdlegislature.gov ↗
Rulemaking activity
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.
Source: 20 SDR 36, effective September 19, 1993.