South Dakota Statutes

§ 58-5A-50 — Acquisitions subject to order under §

South Dakota·Title 58 INSURANCE·Ch. 58-4A INSURANCE HOLDING COMPANIES

An order may not be entered under § 58-5A-69 if:

(1)The acquisition will yield substantial economies of scale or economies in resource utilization that cannot be feasibly achieved in any other way, and the public benefits which would arise from the economies would exceed the public benefits which would arise from not lessening competition; or (2) The acquisition will substantially increase the availability of insurance, and the public benefits of the increase would exceed the public benefits which would arise from not lessening competition.

Free access — add to your briefcase to read the full text and ask questions with AI

South Dakota § 58-5A-50 (Acquisitions subject to order under §) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

SL 1992, ch 341, § 12.

Nearby Sections

15
View on official source ↗