# S.D. Codified Laws § 58-43-4: Annual audited financial report--Contents

> South Dakota · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_SD_T58_C43_S58-43-4

## Section

- **Citation:** S.D. Codified Laws § 58-43-4
- **Heading:** Annual audited financial report--Contents
- **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 58-43-4

## Text

The annual audited financial report shall report the financial position of the insurer as of the end of the most recent calendar year and the results of its operations, cash flows, and changes in capital and surplus for the year then ended. The audit shall reflect the statutory accounting practices prescribed, or otherwise permitted, by the division. The report shall include the following:

(1) Report of the accountant;

(2) Balance sheet reporting admitted assets, liabilities, capital, and surplus;

(3) Statement of operations;

(4) Statement of cash flows;

(5) Statement of changes in capital and surplus; and

(6) Notes to financial statements.

Any notes to financial statements shall be prepared in accordance with the Annual Statement Instructions Manual and the Accounting Practices and Procedures Manual prescribed by the National Association of Insurance Commissioners as promulgated by rules by the director pursuant to chapter 1-26 and shall also include a reconciliation of differences, if any, between the audited statutory financial statements and the annual statement filed pursuant to § 58-6-75 with a written description of the nature of these differences.

Source: SL 1992, ch 357, § 4; SL 2003, ch 257, § 1; SL 2009, ch 271, § 5.

## 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_S58-43-4. Check the current official text before relying on it. Not legal advice.