South Dakota Statutes

§ 58-46-29 — Participant in sponsored captive insurance company.

South Dakota § 58-46-29
JurisdictionSouth Dakota
Title 58INSURANCE
Ch. 58-46CAPTIVE INSURANCE COMPANIES

This text of South Dakota § 58-46-29 (Participant in 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 § 58-46-29 (2026).

Text

Any entity may be a participant in any sponsored captive insurance company. A sponsor may be a participant in a sponsored captive insurance company. A participant need not be an owner of the sponsored captive insurance company or any affiliate thereof. Except as otherwise approved by the director, a participant may insure through a sponsored captive insurance company only its own risks and the risks of its affiliates who are participants.

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Legislative History

SL 2013, ch 257, § 25.

Nearby Sections

15
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Bluebook (online)
South Dakota § 58-46-29, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/58-46-29.