South Dakota Codified Laws 58-36-1. Certificate not to be issued for assessment life or health insurance–Transaction ofbusiness as misdemeanor
Current as of: 2023 | Check for updates
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No certificate of authority shall, after June 30, 1966, be issued to any insurer, organized upon the mutual assessment, cooperative, or natural premium plan for the purpose of writing assessment life, or health insurance. It is a Class 2 misdemeanor for any such insurer to transact business in South Dakota.
Attorney's Note
Under the South Dakota Laws, punishments for crimes depend on the classification. In the case of this section:| Class | Prison | Fine |
|---|---|---|
| Class 2 misdemeanor | up to 30 days | up to $500 |
Source: SL 1966, ch 111, ch 18, § 1 (1); SL 1978, ch 359, § 7.