South Dakota § 58-20-1 - Definition of terms.

§ 58-20-1. Definition of terms.

Terms used in this chapter mean:

(1)    "Compensation," all insurances effected by virtue of statutes providing payment to an employee for personal injury irrespective of fault of the employer;

(2)    "Earned premiums," gross premiums charged on all policies written, including all determined excess and additional premiums, less return premiums, other than premiums returned to policyholders as dividends, and less reinsurance premiums and premiums on policies canceled, and less unearned premiums on policies in force. Any participating insurer that has charged in its premiums a loading solely for dividends is not required to include the loading in its earned premiums, provided a statement of the amount of the loading has been filed with and approved by the director;

(3)    "Liability," all insurance except compensation insurance against loss or damage from an accident to or injury suffered by an employee or other person and for which the insured is liable; and

(4)    "Loss payments" and "loss expense payments," payments to claimants for:

(a)    Medical or surgical attendants;

(b)    Legal expenses;

(c)    Salaries and expenses of investigators, adjusters, and field support personnel;

(d)    Rents, stationery, telephone charges, and postage;

(e)    Salaries and expenses of office employees;

(f)    Home office expenses; and

(g)    All other payments made on account of claims, whether payments are allocated to specific claims or unallocated.

Source: SL 1966, ch 111, ch 29, § 1; SL 2025, ch 197, § 2.