S.D. Codified Laws § 58-6A-19.1

Current through the 2024 Legislative Session

Section 58-6A-19.1 - Purchase from risk retention group not chartered or insurer not admitted in state prohibited-Exception

A purchasing group may not purchase insurance from a risk retention group that is not chartered in a state or from an insurer not admitted in the state in which the purchasing group is located, unless the purchase is effected through a licensed insurance producer acting pursuant to the surplus lines laws and regulations of such state.

SDCL 58-6A-19.1

SL 1988, ch 392, § 9; SL 2001, ch 286, §92.