South Dakota Statutes

§ 58-46-28 — Sponsor of sponsored captive insurance company.

South Dakota § 58-46-28
JurisdictionSouth Dakota
Title 58INSURANCE
Ch. 58-46CAPTIVE INSURANCE COMPANIES

This text of South Dakota § 58-46-28 (Sponsor of sponsored captive insurance company.) 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 § 58-46-28 (2026).

Text

A sponsor of a sponsored captive insurance company shall be any entity approved by the director. A risk retention group may not be a sponsor of a sponsored captive insurance company, and a risk retention group may be a participant of a sponsored captive insurance company only to the extent that it is the sole participant of one or more protected cells.

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Legislative History

SL 2013, ch 257, § 24.

Nearby Sections

15
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Bluebook (online)
South Dakota § 58-46-28, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/58-46-28.