S.D. Codified Laws § 58-46-23.1

Current through the 2024 Legislative Session

Section 58-46-23.1 - Risk management services

A pure or agency captive insurance company may enter into any arrangement to provide risk management services to a controlled unaffiliated business or an unaffiliated business but may not accept any insurance risk from an unaffiliated business. A trust captive insurance company may enter into any arrangement to provide risk management services to an affiliated entity and may accept insurance risk from an affiliated entity.

SDCL 58-46-23.1

SL 2009, ch 272, §11; SL 2013, ch 257, §20; SL 2015, ch 257, § 7.

Amended by S.L. 2015, ch. 257,s. 7, eff. 7/1/2015.