Title 58 — INSURANCE
79 chapters · 3,532 sections in this title.
SDCL § 58-5C-1 Definition of terms
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Terms as used in this chapter, unless the context otherwise requires, mean: (1) "Director," the director of insurance; (2) "Legal malpractice insurance," insurance coverage against the legal liability of the insured and against loss, damage, or expense incident to a claim arising…
SDCL § 58-5C-2 Malpractice insurance contracts among attorneys
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Any number of attorneys licensed to practice their profession in any of the states, may enter into contracts with each other for the purpose of protecting themselves by insurance against loss by reason of actions at law on account of their alleged error, mistake, negligence, or o…
SDCL § 58-5C-3 Incorporation of mutual malpractice insurers--Conflict of laws
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All domestic corporations, organized for the purpose of transacting such insurance business under the provisions of this chapter, shall incorporate under the provisions of chapter 58-5 , and be regulated as mutual insurers; provided, the provisions of this chapter shall govern wh…
SDCL § 58-5C-4 Number of insurance applications required before certificate issued to mutual insurer
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No original certificate of authority may be issued by the director of the Division of Insurance until one hundred applications have been received from licensed attorneys to be affected, and until the director has satisfied himself that such a mutual insurer has bona fide applicat…
SDCL § 58-5C-5 Admission of foreign insurer to solicit applications and do business in state--Reports--Taxation--Supervision
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Any mutual insurer organized under laws substantially similar to this chapter in another state, for the purpose of transacting the kind of business described in this chapter may upon application and without prior operating experience or examination be admitted to solicit applicat…