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

South Dakota Statutes

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

South Dakota § 58-16-13

Title 58INSURANCE

Ch. 58-13GROUP LIFE INSURANCE POLICIES

This text of South Dakota § 58-16-13 (Industry fund groups--Issuance to commercial correspondent prohibited, exception.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.D. Codified Laws § 58-16-13 (2026).

Text

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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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.