South Dakota Statutes
§ 58-5-86 — Domestic insurer--Management and exclusive agency contracts, disapproval by director, grounds.
South Dakota § 58-5-86
This text of South Dakota § 58-5-86 (Domestic insurer--Management and exclusive agency contracts, disapproval by director, grounds.) 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 § 58-5-86 (2026).
Text
The director shall disapprove any such contract if he finds that it:
(1)Subjects the insurer to excessive charges; or (2) Is to extend for an unreasonable length of time; or (3) Does not contain fair and adequate standards of performance; or (4) Contains any provision which the director deems detrimental to the best interests of stockholders or members of the insurer.
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Legislative History
SL 1966, ch 111, ch 16, § 23 (2).
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Repealed by SL 2012, ch 252, § 30.§ 58-1-2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 § 58-5-86, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/58-5-86.