South Dakota § 58-34-7 - Application for certificate of authority--Execution and filing--Contents.
Full text of South Dakota South Dakota Codified Laws § 58-34-7 — Application for certificate of authority--Execution and filing--Contents., with citation guidance and answers to common questions.
§ 58-34-7. Application for certificate of authority--Execution and filing--Contents.
The proposed attorney shall execute and file with the director an application for a certificate of authority setting forth:
(1) The name of the insurer;
(2) The location of the insurer's principal office, which shall be the same as that of the attorney and shall be maintained within this state;
(3) The kinds of insurance business proposed to be transacted;
(4) The names and addresses of the original subscribers;
(5) The designation and appointment of the proposed attorney and a copy of the power of attorney;
(6) The names and addresses of the officers and directors of the attorney, if a corporation, or its members, if a firm;
(7) The powers of the subscribers' advisory committee; and the names and terms of office of the members thereof;
(8) That all moneys paid to the reciprocal shall, after deducting therefrom any sum payable to the attorney, be held in the name of the insurer and for the purposes specified in the subscribers' agreement;
(9) A copy of the subscribers' agreement;
(10) A statement that each of the original subscribers has in good faith applied for insurance of a kind proposed to be transacted, and that the insurer has received from each such subscriber the full premium or premium deposit required for the policy applied for, for a term of not less than six months at an adequate rate theretofore filed with and approved by the director;
(11) A statement of the financial condition of the insurer, a schedule of its assets, and a statement that the surplus as required by §§ 58-34-14 to 58-34-16, inclusive, is on hand; and
(12) A copy of each policy, endorsement and application form it then proposes to issue or use.
Such declaration shall be acknowledged by the attorney.
Source: SL 1966, ch 111, ch 19, § 7 (2).
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 58-34-7
What does South Dakota Codified Laws § 58-34-7 cover?
Section 58-34-7 ("Application for certificate of authority--Execution and filing--Contents.") 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 § 58-34-7?
A common citation format is "South Dakota Codified Laws § 58-34-7" (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 § 58-34-7 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.