South Dakota Statutes
§ 58-5-18 — Applications for mutual insurance--Contents.
All such applications shall provide that:
(1)Issuance of the policy is contingent upon the insurer qualifying for and receiving a certificate of authority;
(2)No insurance is in effect until the certificate of authority has been issued; and (3) The prepaid premium and any deposit, membership or policy fee shall be refunded in full to the applicant if the certificate of authority is not issued within one year from the date of the certificate of incorporation.
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South Dakota § 58-5-18 (Applications for mutual insurance--Contents.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 1966, ch 111, ch 16, § 11 (3).
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Repealed by SL 2012, ch 252, § 30.§ 58-1-2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.