South Dakota § 58-5A-94 - Group capital calculation--Annual filing required--Promulgation of rules.
Full text of South Dakota South Dakota Codified Laws § 58-5A-94 — Group capital calculation--Annual filing required--Promulgation of rules., with citation guidance and answers to common questions.
§ 58-5A-94. Group capital calculation--Annual filing required--Promulgation of rules.
Except as provided in this section and in § 58-5A-95, the ultimate controlling person of every insurer subject to registration must concurrently file with the registration an annual group capital calculation as directed by the lead state director or commissioner. The report must be completed in accordance with the NAIC group capital calculation instructions as posted on the website of the division. The instructions may permit the lead state director or commissioner to allow a controlling person that is not the ultimate controlling person to file the group capital calculation. The report must be filed with the lead state director or commissioner of the insurance holding company system as determined by the director in accordance with the procedures within the financial analysis handbook as adopted by the director pursuant to rules promulgated under chapter 1-26. The director may promulgate rules pursuant to chapter 1-26 to establish requirements, standards, criteria, exemptions, instructions, and limitations for the group capital calculation and related filings.
Source: SL 2024, ch 201, § 7.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 58-5A-94
What does South Dakota Codified Laws § 58-5A-94 cover?
Section 58-5A-94 ("Group capital calculation--Annual filing required--Promulgation of rules.") 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-94?
A common citation format is "South Dakota Codified Laws § 58-5A-94" (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-94 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.