58-44-3. Application of chapter based on gross written premium on business placed with controlled insurer.The provisions of this chapter apply if, in any calendar year, the aggregate amount of gross written premium on business placed with a controlled insurer by a controlling broker is equal to or greater than five percent of the admitted assets of the controlled insurer, as reported in the controlled insurers' quarterly statement filed as of September thirtieth of the prior year. Source: SL 1992, ch 358, §3.
South Dakota Legal Code