South Dakota Codified Laws 58-6A-19.2. Notice of unprotected risk when liability insurance obtained from insurer not admitted in this state or risk retention group
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Any purchasing group which obtains liability insurance from an insurer not admitted in this state or a risk retention group shall inform each of the members of such group which have a risk resident or located in this state that such risk is not protected by an insurance insolvency guaranty fund in this state and that such risk retention group or such insurer may not be subject to all insurance laws and regulations of this state.
Terms Used In South Dakota Codified Laws 58-6A-19.2
- 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 1988, ch 392, § 10.