South Dakota § 58-14-10 - A lien assuming insurer--Standards--Surplus required--Examination of records.
Full text of South Dakota South Dakota Codified Laws § 58-14-10 — A lien assuming insurer--Standards--Surplus required--Examination of records., with citation guidance and answers to common questions.
§ 58-14-10. A lien assuming insurer--Standards--Surplus required--Examination of records.
Credit shall be allowed if the reinsurance is ceded to an assuming insurer which is domiciled and licensed in, or in the case of a United States branch of an alien assuming insurer is entered through, a state which employs standards regarding credit for reinsurance substantially similar to those applicable under this chapter and the assuming insurer or United States branch of an alien assuming insurer:
(1) Maintains a surplus as regards policyholders in an amount not less than twenty million dollars; and
(2) Submits to the authority of this state to examine its books and records.
Subdivision (1) of this section does not apply to reinsurance ceded and assumed pursuant to pooling arrangements among insurers in the same holding company system.
Source: SL 1992, ch 344, § 4.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 58-14-10
What does South Dakota Codified Laws § 58-14-10 cover?
Section 58-14-10 ("A lien assuming insurer--Standards--Surplus required--Examination of records.") 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 § 58-14-10?
A common citation format is "South Dakota Codified Laws § 58-14-10" (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 § 58-14-10 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.