At least one of the members of the governing board of a captive insurance company incorporated in this state shall be a resident of this state.

Terms Used In South Dakota Codified Laws 58-46-12

  • State: when used in context signifying a jurisdiction other than the State of South Dakota, a state, the District of Columbia, a territory, commonwealth, or possession of the United States of America, or a province of the Dominion of Canada. See South Dakota Codified Laws 58-1-2

Source: SL 1996, ch 287, § 12; SL 2013, ch 257, § 11.