South Dakota Statutes

§ 58-16-13 — Industry fund groups--Issuance to commercial correspondent prohibited, exception.

South Dakota·Title 58 INSURANCE·Ch. 58-13 GROUP LIFE INSURANCE POLICIES
No policy may be issued under § 58-16-12 to insure employees of any employer whose eligibility to participate in the fund as an employer arises out of considerations directly related to the employer being a commercial correspondent or business client or patron of another employer, except where such other employer exercises substantial control over the business operations of the participating employers.

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South Dakota § 58-16-13 (Industry fund groups--Issuance to commercial correspondent prohibited, exception.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

SL 1966, ch 111, ch 24, § 1 (4) (a).

Nearby Sections

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