ENTITLED, An Act to revise the provisions under which the Bureau of Administration may enter
into contracts for insurance and reinsurance.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
Section 1. That § 3-22-5 be amended to read as follows:
3-22-5. The bureau may:
(1) Select a director who shall serve at the pleasure of the bureau;
(2) Enter contracts for actuarial determinations, claims adjustment and investigation, loss
control and risk management, legal services, or other services the director determines to
be necessary to carry out the purposes of this chapter;
(3) Enter contracts for insurance and reinsurance the director determines to be necessary to
carry out the purposes of this chapter. Any such contract is not subject to the provisions
of chapters 5-18A and 5-18-D;
(4) Develop a coverage document, agreed to by the director and the Governor, to establish
the type and scope of covered claims, limits of coverage, terms and conditions of
coverage, and costs of coverage; and
(5) Based on annual actuarial calculations, impose and collect contributions from covered
state entities for the estimated amount necessary to extend coverage and maintain
appropriate reserves for covered claims.
An Act to revise the provisions under which the Bureau of Administration may enter into contracts
for insurance and reinsurance.
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I certify that the attached Act
originated in the
SENATE as Bill No. 32
____________________________
Secretary of the Senate
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____________________________
President of the Senate
____________________________
Secretary of the Senate
____________________________
Speaker of the House
____________________________
Chief Clerk
Senate Bill No. 32
File No. ____
Chapter No. ______
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Received at this Executive Office
this _____ day of _____________ ,
20____ at ____________ M.
By _________________________
for the Governor
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The attached Act is hereby
approved this ________ day of
______________ , A.D., 20___
____________________________
Governor
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STATE OF SOUTH DAKOTA,
ss.
Office of the Secretary of State
Filed ____________ , 20___
at _________ o'clock __ M.
____________________________
Secretary of State
By _________________________
Asst. Secretary of State
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