South Dakota Statutes
§ 58-5-19 — Trust deposit of premiums or fees collected by mutual insurer on qualifying applications.
South Dakota § 58-5-19
This text of South Dakota § 58-5-19 (Trust deposit of premiums or fees collected by mutual insurer on qualifying applications.) 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 § 58-5-19 (2026).
Text
All sums collected by a proposed mutual insurer as premiums or fees on qualifying applications for insurance shall be deposited in trust in a bank or trust company in this state under a trust agreement consistent with § 58-5-25 and with subdivision 58-5-18(3). The corporation shall file an executed copy of such agreement with the director of insurance.
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Legislative History
SL 1966, ch 111, ch 16, § 12 (1).
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Repealed by SL 2012, ch 252, § 30.§ 58-1-2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.Cite This Page — Counsel Stack
Bluebook (online)
South Dakota § 58-5-19, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/58-5-19.