South Dakota Statutes
§ 58-5-86 — Domestic insurer--Management and exclusive agency contracts, disapproval by director, grounds.
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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South Dakota § 58-5-86 (Domestic insurer--Management and exclusive agency contracts, disapproval by director, grounds.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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Repealed by SL 2012, ch 252, § 30.§ 58-1-2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.