South Dakota Codified Laws 58-5-27. Membership of policyholders in domestic mutual insurer–Reinsurance contract excepted
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Each policyholder of a domestic mutual insurer, other than of a reinsurance contract, is a member of the insurer with all rights and obligations of such membership, and the policy shall so specify.
Terms Used In South Dakota Codified Laws 58-5-27
- Contract: A legal written agreement that becomes binding when signed.
Source: SL 1966, ch 111, ch 16, § 15 (1).