South Dakota § 58-43-16.25 - Internal audit function requirements.
Full text of South Dakota South Dakota Codified Laws § 58-43-16.25 — Internal audit function requirements., with citation guidance and answers to common questions.
§ 58-43-16.25. Internal audit function requirements.
The insurer or group of insurers shall establish an internal audit function providing independent, objective, and reasonable assurance to the audit committee and insurer management regarding the insurer's governance, risk management, and internal controls. This assurance shall be provided by performing general and specific audits, reviews, and tests and by employing other techniques deemed necessary to protect assets, evaluate control effectiveness and efficiency, and evaluate compliance with policies and regulations.
Source: SL 2018, ch 283, § 3.
Frequently Asked Questions About South Dakota § 58-43-16.25
What does South Dakota Codified Laws § 58-43-16.25 cover?
Section 58-43-16.25 ("Internal audit function requirements.") 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 § 58-43-16.25?
A common citation format is "South Dakota Codified Laws § 58-43-16.25" (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 § 58-43-16.25 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.