S.D. Admin. R. 20:06:04:03
Current through Register Vol. 51, page 57, November 12, 2024
Notwithstanding § 20:06:04:02, securities held, to the knowledge of the insurer, subject to a voting trust, deposit agreement or similar arrangement shall be included as held of record by the record holders of the voting trust certificates, certificates of deposit, receipts or similar evidences of interest in such securities; provided, however, that the insurer may rely in good faith on such information as is received in response to its request from a nonaffiliated insurer of the certificates or evidences of interest.
S.D. Admin. R. 20:06:04:03
General Authority: SDCL 58-5-77.
Law Implemented: SDCL 58-5-68.