South Dakota Statutes

§ 58-29D-1 — Definition of terms.

South Dakota·Title 58 INSURANCE·Ch. 58-29A REGULATION OF LIFE AND HEALTH ADMINISTRATORS

Terms used in this chapter mean:

(1)"Affiliate" or "affiliated," any entity or person who directly or indirectly through one or more intermediaries, controls or is controlled by, or is under common control with, a specified entity or person;
(2)"Underwrites" or "underwriting," the acceptance of employer or individual applications for coverage of individuals in accordance with the written rules of the insurer; the overall planning and coordinating of an insurance program; and the ability to procure bonds and excess insurance.

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Legislative History

SL 1992, ch 352, § 1.

Nearby Sections

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