This bill relaxes the rules for out-of-state insurance companies wanting to operate in South Dakota by reducing the required examination period from 36 months to 60 months before applying. The bill also updates the language to clarify that companies must meet these requirements at the time of application, and it preserves existing exemptions for subsidiary companies, merged insurers, and cases where the director determines special circumstances warrant a waiver.
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Signed by the Governor H.J. 370
Delivered to the Governor H.J. 312
Signed by the President S.J. 278
Signed by the Speaker H.J. 251
Senate Do Pass Amended Passed, YEAS 34, NAYS 0. S.J. 192
Commerce and Energy Certified uncontested, placed on consent S.J. 14
Commerce and Energy Do Pass Passed, YEAS 9, NAYS 0. S.J. 14
Commerce and Energy Scheduled for hearing S.J. 1
First read in Senate and referred to Senate Commerce and Energy S.J. 127
House of Representatives Do Pass Amended Passed, YEAS 69, NAYS 0. H.J. 105
Commerce and Energy Certified uncontested, placed on consent
Commerce and Energy Do Pass Amended Passed, YEAS 13, NAYS 0.
Commerce and Energy Motion to amend
Commerce and Energy Scheduled for hearing
First read in House and referred to House Commerce and Energy H.J. 52
Amber Arlint
Prime sponsor · Rep.
R
Larry Zikmund
Prime sponsor · Sen.
R
Commerce and Energy — Do Pass
Commerce and Energy — Do Pass Amended