South Dakota § 58-44-1 - Definition of terms.
Full text of South Dakota South Dakota Codified Laws § 58-44-1 — Definition of terms., with citation guidance and answers to common questions.
§ 58-44-1. Definition of terms.
Terms used in this chapter mean:
(1) "Accredited state," any state in which the insurance department or regulatory agency has qualified as meeting the minimum financial regulatory standards promulgated and established by the National Association of Insurance Commissioners (NAIC);
(2) "Control" or "controlled," as defined in chapter 58-5A;
(3) "Controlled insurer," any licensed insurer which is controlled, directly or indirectly, by a broker;
(4) "Controlling broker," any person who, directly or indirectly, controls an insurer and for any compensation, commission, or other thing of value, acts or aids in any manner in soliciting, negotiating, or procuring the making of any insurance contract on behalf of an insured other than the controlling broker;
(5) "Licensed insurer" or "insurer," any person duly licensed to transact a property and casualty insurance business in this state. The term does not include any residual market pool or any joint underwriting authority or association.
Source: SL 1992, ch 358, § 1; SL 2016, ch 232, § 16.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 58-44-1
What does South Dakota Codified Laws § 58-44-1 cover?
Section 58-44-1 ("Definition of terms.") 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 § 58-44-1?
A common citation format is "South Dakota Codified Laws § 58-44-1" (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 § 58-44-1 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.