South Dakota Statutes
§ 58-48-8 — Conditions on innovation waiver.
An insurance innovation waiver shall be issued by the director in writing that limits the number of consumers in this state that may purchase or utilize the underlying insurance product or service to no more than twenty thousand consumers and specifies any terms, conditions, and limitations that the director considers appropriate, including:
(1)Limits on the amount of premium that may be written in relation to the innovative product or service;
(2)Liability coverage requirements and minimum financial reserve requirements that the applicant must meet during the testing of the innovative insurance product or service; and (3) Regular or additional reporting on any aspect of the innovative insurance product or service during the test, including financial results and consumer informa
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South Dakota § 58-48-8 (Conditions on innovation waiver.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 2021, ch 214, § 8.
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Repealed by SL 2012, ch 252, § 30.§ 58-1-2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.