South Dakota Codified Laws 58-6A-10. Prohibited acts by risk retention group
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The following acts by a risk retention group are hereby prohibited:
(1) The solicitation or sale of insurance by a risk retention group to any person who is not eligible for membership in such group; and
Terms Used In South Dakota Codified Laws 58-6A-10
- Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
(2) The solicitation or sale of insurance by, or operation of, a risk retention group that is in a hazardous financial condition or is financially impaired.
Source: SL 1987, ch 372, § 10.