This bill requires insurance companies operating in South Dakota to file annual reports with the state's insurance director that describe their corporate governance structure and practices. The reports must be submitted by June 1st each year and are treated as confidential documents, though the bill clarifies it doesn't create new corporate governance requirements beyond what state law already requires. The requirement applies to all insurers based in South Dakota, including those that are part of larger insurance holding company systems.
This bill does not directly amend codified state law.
Signed by the Governor H.J. 277
Delivered to the Governor H.J. 236
Signed by the President S.J. 169
Signed by the Speaker H.J. 221
Senate Do Pass Passed, YEAS 33, NAYS 0. S.J. 143
Senate Do Pass Passed, YEAS 33, NAYS 0. S.J. 143
Commerce and Energy Certified uncontested, placed on consent
Commerce and Energy Do Pass Passed, YEAS 7, NAYS 0.
Commerce and Energy Scheduled for hearing
First read in Senate and referred to Senate Commerce and Energy S.J. 76
House of Representatives Do Pass Passed, YEAS 67, NAYS 0. H.J. 49
House of Representatives Do Pass Passed, YEAS 67, NAYS 0. H.J. 51
Commerce and Energy Certified uncontested, placed on consent
Commerce and Energy Do Pass Passed, YEAS 13, NAYS 0.
Commerce and Energy Scheduled for hearing
House of Representatives Referred to House Commerce and Energy H.J. 19
First Reading House H.J. 11
Commerce and Energy — Do Pass
Commerce and Energy — Do Pass