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2019 South Dakota Codified Laws
Title 58 - Insurance
Chapter 05A - Insurance Holding Companies
§ 58-5A-50 Acquisitions subject to order under § 58-5A-69.
Universal Citation: SD Codified L § 58-5A-50 (2019)
58-5A-50. Acquisitions subject to order under § 58-5A-69. An order may not be entered under § 58-5A-69 if:
(1) The acquisition will yield substantial economies of scale or economies in resource utilization that cannot be feasibly achieved in any other way, and the public benefits which would arise from the economies would exceed the public benefits which would arise from not lessening competition; or
(2) The acquisition will substantially increase the availability of insurance, and the public benefits of the increase would exceed the public benefits which would arise from not lessening competition.
Source: SL 1992, ch 341, § 12.
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