# S.D. Codified Laws § 58-43-3: Foreign or alien insurers--Exemption

> South Dakota · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_SD_T58_C43_S58-43-3

## Section

- **Citation:** S.D. Codified Laws § 58-43-3
- **Heading:** Foreign or alien insurers--Exemption
- **Jurisdiction:** South Dakota
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** SD Code / Title 58 / Chapter 43 / Section 58-43-3

## Text

Foreign or alien insurers, filing audited financial reports in another state which report has been found by the director to be substantially similar to the requirements of § 58-43-4 , are exempt if:

(1) A copy of the audited financial report, communication of internal control related matters noted in an audit, and the accountant's letter of qualifications which are filed with the other state are filed with the director in accordance with the filing dates specified in §§ 58-43-2 , 58-43-14 , and 58-43-15 . Canadian insurers may submit accountants' reports as filed with the Office of the Superintendent of Financial Institutions, Canada;

(2) A copy of any notification of adverse financial condition report filed with that other state is filed with the director within the time specified in § 58-43-14 .

This section does not prohibit, preclude or in any way limit the director of insurance from ordering or conducting or performing examinations of insurers under this title.

Source: SL 1992, ch 357, § 3; SL 2009, ch 271, § 4.

## Nearby sections

- [S.D. Codified Laws § 58-43-1 Definition of terms](https://www.frixlaw.com/law-library/statutes/STATE_SD_T58_C43_S58-43-1.md)
- [S.D. Codified Laws § 58-43-2 Annual audit required--Filing audited financial report--Extension of filing date--Audit committee](https://www.frixlaw.com/law-library/statutes/STATE_SD_T58_C43_S58-43-2.md)
- [S.D. Codified Laws § 58-43-3 Foreign or alien insurers--Exemption](https://www.frixlaw.com/law-library/statutes/STATE_SD_T58_C43_S58-43-3.md)
- [S.D. Codified Laws § 58-43-4 Annual audited financial report--Contents](https://www.frixlaw.com/law-library/statutes/STATE_SD_T58_C43_S58-43-4.md)
- [S.D. Codified Laws § 58-43-5 Financial statements](https://www.frixlaw.com/law-library/statutes/STATE_SD_T58_C43_S58-43-5.md)
- [S.D. Codified Laws § 58-43-5.1 Examination of financial statements by accountant](https://www.frixlaw.com/law-library/statutes/STATE_SD_T58_C43_S58-43-5.1.md)
- [S.D. Codified Laws § 58-43-6 Registration of retained accountant--Letter of acknowledgment from accountant](https://www.frixlaw.com/law-library/statutes/STATE_SD_T58_C43_S58-43-6.md)
- [S.D. Codified Laws § 58-43-7 Notification of dismissal or resignation of insurer's accountant--Reporting disagreements](https://www.frixlaw.com/law-library/statutes/STATE_SD_T58_C43_S58-43-7.md)
- [S.D. Codified Laws § 58-43-8 Explanation of disagreements between insurer and accountant--Letters from both insurer and accountant to director](https://www.frixlaw.com/law-library/statutes/STATE_SD_T58_C43_S58-43-8.md)
- [S.D. Codified Laws § 58-43-9 Qualifications of accountant](https://www.frixlaw.com/law-library/statutes/STATE_SD_T58_C43_S58-43-9.md)
- [S.D. Codified Laws § 58-43-9.1 Disqualification of accountant](https://www.frixlaw.com/law-library/statutes/STATE_SD_T58_C43_S58-43-9.1.md)
- [S.D. Codified Laws § 58-43-9.2 Disqualification of accountant for services provided contemporaneously with audit](https://www.frixlaw.com/law-library/statutes/STATE_SD_T58_C43_S58-43-9.2.md)
- [S.D. Codified Laws § 58-43-9.3 Exemption from disqualification provisions of §58-43-9.2](https://www.frixlaw.com/law-library/statutes/STATE_SD_T58_C43_S58-43-9.3.md)
- [S.D. Codified Laws § 58-43-9.4 Services which do not disqualify accountant--Audit committee preapproval](https://www.frixlaw.com/law-library/statutes/STATE_SD_T58_C43_S58-43-9.4.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_SD_T58_C43_S58-43-3. Check the current official text before relying on it. Not legal advice.