Nothing in §§ 58-5-161 to 58-5-171 , inclusive, may be construed to prescribe or impose corporate governance standards and internal procedures beyond that which is required under applicable state corporate law.

Nothing in §§ 58-5-161 to 58-5-171 , inclusive, may be construed to limit the director’s authority, or the rights or obligations of third parties, under chapter 58-3 . The requirements in §§ 58-5-161 to 58-5-171 , inclusive, apply to all insurers domiciled in this state.

Terms Used In South Dakota Codified Laws 58-5-162

  • 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 2020, ch 212, § 2.