South Dakota § 58-5A-80.6 - Group-wide supervisor--Director cooperation.
Full text of South Dakota South Dakota Codified Laws § 58-5A-80.6 — Group-wide supervisor--Director cooperation., with citation guidance and answers to common questions.
§ 58-5A-80.6. Group-wide supervisor--Director cooperation.
If the director acknowledges that another regulatory official from a jurisdiction that is not accredited by the NAIC is the group-wide supervisor, the director may reasonably cooperate, through supervisory colleges, with group-wide supervision undertaken by the group-wide supervisor, if:
(1) The director's cooperation is in compliance with the laws of this state; and
(2) The regulatory official acknowledged as the group-wide supervisor also recognizes and cooperates with the director's activities as a group-wide supervisor for other internationally active insurance groups, where applicable. If the recognition and cooperation is not reasonably reciprocal, the director may refuse recognition and cooperation.
Source: SL 2020, ch 213, § 7.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 58-5A-80.6
What does South Dakota Codified Laws § 58-5A-80.6 cover?
Section 58-5A-80.6 ("Group-wide supervisor--Director cooperation.") 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 § 58-5A-80.6?
A common citation format is "South Dakota Codified Laws § 58-5A-80.6" (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 § 58-5A-80.6 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.