South Dakota § 58-3-3.1 - Examination assessment fee--Insurance examination fund established for proceeds.
Full text of South Dakota South Dakota Codified Laws § 58-3-3.1 — Examination assessment fee--Insurance examination fund established for proceeds., with citation guidance and answers to common questions.
§ 58-3-3.1. Examination assessment fee--Insurance examination fund established for proceeds.
Any insurer subject to chapter 58-3 shall pay to the Division of Insurance an annual examination assessment fee of three hundred dollars by March first of each year. There is established within the state treasury the insurance examination fund, into which shall be deposited the proceeds from the examination assessment fees. If the director determines that additional fees are needed to meet the anticipated needs of the examination fund, the director may increase the annual examination assessment fee or levy additional examination assessment fees of up to one hundred fifty dollars per insurer whenever the insurance examination fund falls below fifty thousand dollars. However, the director may not increase the annual examination fee to an amount exceeding one thousand dollars.
Source: SL 1997, ch 283, § 1; SL 2011, ch 213, § 1.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 58-3-3.1
What does South Dakota Codified Laws § 58-3-3.1 cover?
Section 58-3-3.1 ("Examination assessment fee--Insurance examination fund established for proceeds.") 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 § 58-3-3.1?
A common citation format is "South Dakota Codified Laws § 58-3-3.1" (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 § 58-3-3.1 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.