South Dakota § 58-24-45.1 Group insurance marketing permitted--Conditions.

South Dakota Statutes

§ 58-24-45.1 — Group insurance marketing permitted--Conditions.

South Dakota § 58-24-45.1

Title 58INSURANCE

Ch. 58-23AFIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS

This text of South Dakota § 58-24-45.1 (Group insurance marketing permitted--Conditions.) 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 § 58-24-45.1 (2026).

Text

An insurer may market insurance through a group insurance or mass marketing plan, franchise, or blanket policy for any line of insurance regulated under this chapter if:

(1)The insured group was not formed solely for the purpose of purchasing insurance; and (2) The premium is paid or collected by:

(a)An employer, labor union, or the trustee of a fund established by the employer or labor union;

(b)The trustee of a fund established by two or more employers in the same industry, or related industries;

(c)Two or more labor unions or an association which have been in existence for one or more years and which have a constitution and bylaws; or (d) A wireless telecommunications provider from its customers and the premium is for insurance covering wireless telecommunications

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An insurer may market insurance through a group insurance or mass marketing plan, franchise, or blanket policy for any line of insurance regulated under this chapter if: (1) The insured group was not formed solely for the purpose of purchasing insurance; and (2) The premium is paid or collected by: (a) An employer, labor union, or the trustee of a fund established by the employer or labor union; (b) The trustee of a fund established by two or more employers in the same industry, or related industries; (c) Two or more labor unions or an association which have been in existence for one or more years and which have a constitution and bylaws; or (d) A wireless telecommunications provider from its customers and the premium is for insurance covering wireless telecommunications equipment.