South Dakota § 58-12-31 - Definitions regarding standards for claims processing.
Full text of South Dakota South Dakota Codified Laws § 58-12-31 — Definitions regarding standards for claims processing., with citation guidance and answers to common questions.
§ 58-12-31. Definitions regarding standards for claims processing.
Terms used in §§ 58-12-31 to 58-12-37, inclusive, mean:
(1) "Director," the director of the South Dakota Division of Insurance;
(2) "Insured," the party named on a policy or certificate as the individual with legal rights to the benefits provided by the policy;
(3) "Insurer," a person, reciprocal exchange, interinsurer, Lloyd's insurer, fraternal benefit society, and any other legal entity engaged in the business of insurance, including claim agents, brokers, adjusters, and third party administrators. The term also includes medical service plans, hospital service plans, health maintenance organizations, prepaid limited health care service plans, dental plans, and optometric plans. This term does not include any insurance producer licensed pursuant to chapter 58-30, unless an insurance producer is directly involved in the adjudication of claims;
(4) "Person," a natural or artificial entity, including individuals, partnerships, associations, trusts, or corporations;
(5) "Policy," or "certificate," a contract of insurance, indemnity, medical, health, or hospital service, or annuity issued. The term does not include contracts of workers' compensation, fidelity, suretyship, or boiler and machinery insurance.
Source: SL 2014, ch 235, § 1.
Frequently Asked Questions About South Dakota § 58-12-31
What does South Dakota Codified Laws § 58-12-31 cover?
Section 58-12-31 ("Definitions regarding standards for claims processing.") is part of the South Dakota Codified Laws, the codified statutory law of South Dakota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Dakota § 58-12-31?
A common citation format is "South Dakota Codified Laws § 58-12-31" (South Dakota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Dakota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Dakota official source linked on this page or consult a licensed South Dakota attorney.
How does South Dakota § 58-12-31 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Dakota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Dakota.