S.D. Codified Laws § 58-6-6
Current with legislation signed by the governor on or before 3/6/2024
To qualify for and hold authority to transact insurance in this state, an insurer must be otherwise in compliance with this title and with its charter provisions, and must be an incorporated stock insurer, or an incorporated mutual insurer, or a reciprocal insurer, of the same general type as may be formed as a domestic insurer under this title.
SDCL 58-6-6