South Dakota § 58-48-3 Waiver not to restrict policyholder recovery or restrict director's authority.

South Dakota Statutes

§ 58-48-3 — Waiver not to restrict policyholder recovery or restrict director's authority.

South Dakota § 58-48-3

Title 58INSURANCE

Ch. 58-47PORTABLE ELECTRONICS INSURANCE

This text of South Dakota § 58-48-3 (Waiver not to restrict policyholder recovery or restrict director's authority.) 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 § 58-48-3 (2026).

Text

The authority granted to the director under this chapter may not be construed to allow the director to grant a waiver that would abridge the recovery rights of policyholders and may not be interpreted to limit or otherwise affect the authority of the director to exercise discretion to waive or enforce requirements as permitted under any other requirement of this title, any regulation, or any bulletin. The waiver may not be construed to waive any requirements except those which inhibit the introduction of the innovative insurance product or service as addressed in the innovation waiver document.

Free access — add to your briefcase to read the full text and ask questions with AI

The authority granted to the director under this chapter may not be construed to allow the director to grant a waiver that would abridge the recovery rights of policyholders and may not be interpreted to limit or otherwise affect the authority of the director to exercise discretion to waive or enforce requirements as permitted under any other requirement of this title, any regulation, or any bulletin. The waiver may not be construed to waive any requirements except those which inhibit the introduction of the innovative insurance product or service as addressed in the innovation waiver document.