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2019 South Dakota Codified Laws
Title 58 - Insurance
Chapter 05 - Organization And General Powers Of Insurers
§ 58-5-86 Domestic insurer--Management and exclusive agency contracts, disapproval by director, grounds.
Universal Citation: SD Codified L § 58-5-86 (2019)
58-5-86. Domestic insurer--Management and exclusive agency contracts, disapproval by director, grounds. The director shall disapprove any such contract if he finds that it:
(1) Subjects the insurer to excessive charges; or
(2) Is to extend for an unreasonable length of time; or
(3) Does not contain fair and adequate standards of performance; or
(4) Contains any provision which the director deems detrimental to the best interests of stockholders or members of the insurer.
Source: SL 1966, ch 111, ch 16, ยง 23 (2).
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