South Dakota Statutes
§ 58-30-125 — Persons not managing general agents.
The following persons are not managing general agents for the purposes of §§ 58-30-124 to 58-30-139 , inclusive:
(1)Any employee of the insurer;
(2)Any United States manager of the United States branch of an alien insurer;
(3)Any underwriting manager who, pursuant to contract, manages all the insurance operations of the insurer, is under common control with the insurer, subject to the holding company regulatory act, and whose compensation is not based on the volume of premiums written; or (4) Any attorney - in - fact authorized by and acting for the subscribers of a reciprocal insurer or interinsurance exchange under powers of attorney.
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South Dakota § 58-30-125 (Persons not managing general agents.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 1992, ch 353, § 2.
Nearby Sections
15
§ 58-1-1
Citation of title.§ 58-1-11
General saving clause.§ 58-1-13
Severability of provisions.§ 58-1-14
Notice of nonrenewal of policy must be mailed sixty days prior to renewal date--Exceptions.§ 58-1-14.1
Notice of refusal to renew--Thirty§ 58-1-16.1
Applicability of §§ 58-1-18
Repealed by SL 2012, ch 252, § 30.§ 58-1-2
Definition of terms.