South Dakota Statutes

§ 58-6-20 — Life insurer--Kinds of business authorized, exception.

South Dakota § 58-6-20
JurisdictionSouth Dakota
Title 58INSURANCE
Ch. 58-5CAUTHORITY TO TRANSACT INSURANCE IN STATE

This text of South Dakota § 58-6-20 (Life insurer--Kinds of business authorized, exception.) 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 § 58-6-20 (2026).

Text

An insurer authorized to engage in the business of life insurance may also grant annuities, but shall not be authorized to engage in any other kind of insurance business except health; except, that the director shall, if the insurer otherwise qualifies therefor, continue so to authorize any life insurer which immediately prior to July 1, 1966, was lawfully authorized to transact in this state a kind or kinds of insurance in addition to life and health insurance and annuity business.

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Legislative History

SL 1966, ch 111, ch 3, § 9 (1).

Nearby Sections

15
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Bluebook (online)
South Dakota § 58-6-20, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/58-6-20.