South Dakota Insurance (SD)

In 2001 there were 403,000 ordinary life insurance policies worth $29.7 billion were in force in South Dakota; total value for all categories of life insurance (ordinary, group, industrial, and credit) was $40.7 billion. Death benefits paid that year totaled $103.8 million. As of 2000, there were 16 property and casualty and two life and health insurance companies incorporated or organized in the state. In 2001, property and casualty insurers wrote over $1.0 billion in premiums. That year, there were 3,225 flood insurance policies in force in the state, with a total value of $323.6 million.