South Dakota Statutes
§ 58-46-20 — Loan to parent or affiliated entity.
South Dakota § 58-46-20
This text of South Dakota § 58-46-20 (Loan to parent or affiliated entity.) 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 § 58-46-20 (2026).
Text
A pure, agency, or trust captive insurance company may make a loan to its parent or affiliated entities. No loan to its parent or affiliated entities may be made without prior written approval of the director. A group, sponsored, or special purpose captive insurance company may make a loan to an affiliated entity if prior written approval by the director has been provided. The approval shall be evidenced by a note in a form approved by the director.
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Legislative History
SL 1996, ch 287, § 20; SL 2009, ch 272, § 10; SL 2013, ch 257, § 17; SL 2015, ch 257, § 6.
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Repealed by SL 2012, ch 252, § 30.§ 58-1-2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.Cite This Page — Counsel Stack
Bluebook (online)
South Dakota § 58-46-20, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/58-46-20.