State statute · South Dakota

South Dakota Codified Laws Title 58, Chapter 58-29A

Insurance Guaranty Association (SDCL 58-29A-54 to 58-29A-109)

Publisher: sdlegislature.gov
Edition: South Dakota Codified Laws
Last checked: 2026-09-25
Status: SD statutes, public domain

Edition and licensing notes

Edition. South Dakota Codified Laws (SDLRC official posting), retrieved 2026-09-25

Status. SD statutes, public domain (state government edict).

Read the official text Practice questions from this source

What this document is

South Dakota Codified Laws Title 58, Chapter 58-29A - Insurance Guaranty Association (SDCL 58-29A-54 to 58-29A-109) is a state statute published by sdlegislature.gov. It is one of the South Dakota documents that insurance license exam questions are written from, including south dakota property & casualty, south dakota personal lines practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

SDCL 58-29A-54 (Scope of application of chapter)
“This chapter applies to any kind of direct insurance, but does not apply to: (1) Life, annuity, health, or disability insurance; (2) Mortgage guaranty, financial guaranty, or other forms of insurance offering protection against investment risks; (3) Fidelity or surety bonds, or any other bonding...”
SDCL 58-29A-68 (Obligation of association on claims against insolvent insurer--Deductible and maximum amounts)
“The obligation shall be satisfied by paying to the claimant an amount as follows: (1) The full amount of a covered claim for benefits under a workers' compensation insurance coverage; (2) An amount not exceeding twenty-five thousand dollars per policy for a covered claim for the return of unearned...”
SDCL 58-29A-104 (Unfair trade practice to advertise protection given by chapter)
“It is unfair trade practice for any insurer or insurance producer to in any manner make use of the protection given policyholders by this chapter as a reason for buying insurance from the insurer or insurance producer.”
SDCL 58-29A-55(7) (Definition of terms; covered claim)
“An unpaid claim, including one for unearned premiums, submitted by a claimant, which arises out of and is within the coverage and is subject to the applicable limits of an insurance policy to which this chapter applies issued by an insurer, if the insurer becomes an insolvent insurer after July 1,...”
SDCL 58-29A-68 (Obligation of association on claims against insolvent insurer)
“The association is obligated to pay covered claims existing prior to the order of liquidation, arising within thirty days after the order of liquidation, or before the policy expiration date if less than thirty days after the order of liquidation, or before the insured replaces the policy or causes...”
SDCL 58-29A-93 (Duplicate coverage; insured to exhaust rights against solvent insurer)
“Any person having a claim against an insurer, whether or not the insurer is a member insurer, under any provision in an insurance policy other than a policy of an insolvent insurer which is also a covered claim, shall be required to first exhaust any right under the policy. Any amount payable on a...”
SDCL 58-29A-95 (Subrogation of association to rights of claimant)
“Any person recovering under this chapter shall be deemed to have assigned that person's rights under the policy to the association to the extent of any recovery from the association. Every insured or claimant seeking the protection of this chapter shall cooperate with the association to the same...”
SDCL 58-29A-55(7)(b) (Definition of terms; covered claim exclusions)
“(b) The term, covered claim, does not include: (i) Any amount awarded as punitive or exemplary damages; (ii) Any amount sought as a return of premium under any retrospective rating plan; (iii) Any amount due any reinsurer, insurer, insurance pool, or underwriting association as subrogation...”
SDCL 58-29A-97 (Liability of insureds for unpaid assessments)
“In the case of an insolvent insurer operating on a plan with assessment liability, payments of claims of the association may not operate to reduce the liability of insureds to the receiver, liquidator, or statutory successor for unpaid assessments.”
SDCL 58-29A-105 (Payment of claims to be made in any reasonable order)
“The association shall pay claims in any order which it deems reasonable, including the payment of claims as such are received from the claimants or in groups or categories of claims.”

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Questions about this source

South Dakota Codified Laws Title 58, Chapter 58-29A - Insurance Guaranty Association (SDCL 58-29A-54 to 58-29A-109) is a state statute published by sdlegislature.gov. Edition: South Dakota Codified Laws (SDLRC official posting), retrieved 2026-09-25.

No. This page summarizes the document and links to the official version. Always rely on the text published by sdlegislature.gov for the current law.

Practice questions for South Dakota Property & Casualty, South Dakota Personal Lines cite this document.

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