AUTHORITY TO TRANSACT INSURANCE IN STATE
Certificate of authority required for transaction of insurance business--Exceptions--Violation as misdemeanor.
Solicitation of insurance or transacting business in another state by insurer in this
state without certificate of authority prohibited--Misdemeanor.
Preemption of field of insurance regulation by state--Licensing by political
Activities excepted from certificate of authority requirements.
Foreign insurer--Investments in state without a certificate of authority.
Eligibility of insurer for certificate of authority.
Eligibility of insurer for certificate of authority--Necessity for maintenance of
Denial of authority to engage in business when contrary to public interest--Denial
when managed by unqualified personnel--Affiliates.
Continuance of authorization of prior authorized mutual and stock insurers--Participating policyholders--Quorum--Proxies--Issuance of nonvoting participating
Governmentally owned insurers prohibited--Exceptions.
Readmission to state as an authorized insurer--Requirements--Payment of back
Unauthorized insurers--Application of insurer violating insurance laws for authority
to transact insurance in state--Payment of back premium taxes.
Foreign insurance companies--Compliance with requirements for admission to do
business in state--Waiver.
Use of deceptively similar name prohibited.
Use of deceptively similar name by life insurer prohibited for ten years.
Use of name deceptively similar to name of foreign insurer prohibited.
Name tending to deceive or mislead as to type of organization of insurer prohibited.
Prevention of confusing similarity of names by director.
Combination of insuring power of one insurer--Exception.
Life insurer--Kinds of business authorized, exception.
Reciprocal insurer--Transaction of life or title insurance prohibited.
Title insurer--Transaction of other insurance prohibited.
Paid-in capital and surplus requirements for certificate of authority.
Determination of capital and surplus requirements for certificate of authority.
Additional types of insurance--Request for authority to transact within three years
after issuance of initial certificate--Basic surplus or additional surplus required.
Surplus to qualify to transact one or more kinds of insurance by domestic mutual and
reciprocal insurers--Laws governing.
Continuation of authority of insurer holding prior certificate--Maintenance of capital
stock or surplus requirements.
Additional kinds of insurance authorized for insurer holding prior certificate--Capital
and surplus requirements.
Annuities--Granting by life insurer without additional capital or surplus.
Health insurer issuing insurance against congenital defects without additional capital
Casualty insurer transacting health insurance without additional capital or surplus.
Property insurer including additional kinds of insurance without additional capital or
Deposit by all insurers--Exceptions.
Deposits through director--Purpose--Amounts required--Deposits in other states in
lieu of deposit with director.
Deposits of foreign or alien insurers in another state--Quality of cash or securities.
Deposit of title insurer--Amount required.
Deposit of title insurer as guaranty fund--Purpose.
Application for initial certificate of authority--Documents accompanying.
Service of process through director.
Time for approval or disapproval of original certificate--Extension--Failure to
disapprove deemed approval.
Kinds of insurance specified in certificate--Limitations within class.
Annual reissuance of certificate not required--Annual renewal fee--Expiration of
Foreign insurer exempt from foreign corporation laws.
Refusal to renew or suspension or revocation of certificate, grounds.
Hearing required on refusal to issue, suspension or revocation of certificate.
Violation of law by insurer or failure to comply with lawful order of director--Refusal to renew, suspension, or revocation of certificate of authority.
Suspension or revocation of certificate after hearing, grounds.
Suspension of certificate on commencement of delinquency proceedings.
Order of suspension, revocation, or refusal to renew certificate of authority.
Notice to insurance producers of suspension, revocation, or refusal to renew
certificate--Insurance Producers' authority.
Publication of notice of suspension, revocation, or refusal to renew certificate of
Duration of suspension of certificate of authority--Rescission or shortening.
Rights and obligations of insurer during suspension.
Reinstatement of certificate of authority which has not terminated where cause for
suspension no longer exists.
Reinstatement of authority of insurance producers--Notice to insurer and insurance
Suspension, revocation, or refusal to renew certificate because of deficiency of assets
or impairment of capital or surplus--Cessation of business in state.
Failure to notify or continuation of business after notice as felony.
Impairment of assets, capital, or surplus--Suspension, revocation, or refusal to renew
certificate of authority--Rehabilitator or receiver of insurer not required to notify
Liability of officers and directors of impaired insurers.
Notice to insurer and insurance producers of refusal, suspension, or revocation of
Suspension or revocation of authority of insurance producers--Notice by director.
58-6-62 to 58-6-64. Repealed.
58-6-65, 58-6-66. Repealed.
Contract not invalidated by violation of countersignature requirements.
Insurers subject to taxation--Filing of returns and reports--Exemption of qualified
pension, annuity, or profit-sharing plans.
Report and payment of tax by surplus line brokers.
Retaliatory tax provisions--Exception.
Exemption from retaliatory tax provisions.
Domicile of alien insurer for retaliatory tax purposes.
Domicile of Canadian insurer for retaliatory tax purposes.
Dissolution or retirement of insurer during year--Filing of reports and collection of
taxes not defeated.
Annual and quarterly statement of financial condition of insurer--Filing with director--Form and contents--Timeliness of filing.
Summary of statement of financial condition of insurer--Publication by director.
Time for publication of summary statement by director--Publication in judicial
Director to supply summary statement to each legal newspaper published in each
judicial circuit--Recognition of legal newspaper.
Publication requirements do not apply to fraternal or benevolent life association
transactions nor to mutual insurance companies or associations.
Confidentiality of analysis ratios and examination synopses--Participation in
regulatory information system.