S.D. Codified Laws § 58-30-1.2
Current with legislation signed by the governor on or before 3/6/2024
Rejected business is a risk that an insurer then represented by the insurance producer has rejected for underwriting reasons, or is willing to accept only on a substandard basis; but which business will be accepted and issued by another authorized insurer at a lower rate.
SDCL 58-30-1.2