A farm mutual insurer shall only insure the following described property against loss or damage by fire or other casualty:

(1) Farm dwellings and buildings, including the usual contents therein, livestock, farm machinery, growing crops, and other forms of farm property;

Terms Used In South Dakota Codified Laws 58-35-29

(2) Dwellings designed for occupancy by not over two families, including the usual contents thereof, and private structures;

(3) Churches, schools, and community buildings including the usual contents thereof;

(4) The usual and customary possessions of the occupants of multifamily dwellings; and

(5) Personal property used in a solelyowned business activity conducted on the insured premises, including property held for resale if the insured property is covered by reinsurance.

For purposes of this chapter any policy written by a farm mutual insurer is considered a personal lines policy.

Source: SL 1966, ch 111, ch 17, § 3 (1); SL 1979, ch 341, § 24; SL 1992, ch 60, § 2; SL 1993, ch 370, § 1; SL 2004, ch 297, § 3.