Court Opinion

ID: 9852648
Source: CourtListenerOpinion
Date Created: 2023-09-24 05:34:15.514337+00
Date Added: 2024-06-11T09:22:31.669971
License: Public Domain

FOSHEIM, Chief Justice
(concurring in part, dissenting in part).
I agree with the majority that SDCL 10-44-2(3) is constitutionally defective and that the case should be remanded. However, the remand need not totally dismiss the state’s complaint.
The majority finds SDCL 10-44-2(3) to be unconstitutional inasmuch as the statute imposes a tax on unlicensed and unauthorized foreign companies greater than that tax imposed upon other insurers. Accordingly, the circuit court on remand should be directed to reduce the judgment by the unconstitutional amount. Thus, American Bankers will still be taxes under SDCL 10-44-2(3) but the amount imposed will not exceed that imposed on other companies under SDCL 10-44-2(1) and (2).