South Dakota § 58-5-164 - Information provided with disclosure--Appropriate corporate level.
Full text of South Dakota South Dakota Codified Laws § 58-5-164 — Information provided with disclosure--Appropriate corporate level., with citation guidance and answers to common questions.
§ 58-5-164. Information provided with disclosure--Appropriate corporate level.
For purposes of completing the corporate governance annual disclosure, the insurer or insurance group may provide information regarding corporate governance at the ultimate controlling parent level, an intermediate holding company level, the individual legal entity level, or any combination of the levels depending upon how the insurer or insurance group has structured its system of corporate governance.
An insurer or insurance group shall make the disclosures at the level where the insurer's or insurance group's:
(1) Risk appetite is determined;
(2) Earnings, capital, liquidity, operations, and reputation of the insurer are collectively overseen and the supervision of those factors is coordinated and exercised; or
(3) Legal liability for failure of general corporate governance duties is placed.
When an insurer or insurance group determines the level of reporting based on the criteria under this section, the insurer or insurance group shall indicate which of the criteria under this section was used to determine the level of reporting and explain any subsequent change in the level of reporting. Any additional request for information by the director shall be made through the lead state.
Source: SL 2020, ch 212, § 4.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 58-5-164
What does South Dakota Codified Laws § 58-5-164 cover?
Section 58-5-164 ("Information provided with disclosure--Appropriate corporate level.") 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 § 58-5-164?
A common citation format is "South Dakota Codified Laws § 58-5-164" (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 § 58-5-164 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.