CHAPTER 262

(HB 1046)

Insurance examination reports procedure revised.


         ENTITLED, An Act to  revise certain provisions regarding examination reports of insurers and insurance producers.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:

     Section  1.  That chapter 58-3 be amended by adding thereto a NEW SECTION to read as follows:

     Notwithstanding § §  58-3-10 and 58-3-12, for examinations, other than financial examinations, subject to the provisions of this chapter, the director or the examiner may issue an examination report. If an examination report is issued pursuant to this section, the applicable provisions of this chapter apply. If the person being examined makes a written request for an examination report within thirty days of receipt of written notice by the director of the completion of the examination, the director or examiner shall issue the examination report within sixty days of the date of the receipt of the request or the completion of the examination, whichever is later.

     Signed February 2, 2005
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