South Dakota Statutes
§ 58-6-8 — Denial of authority to engage in business when contrary to public interest--Denial when managed by unqualified personnel--Affiliates.
The director, after a hearing, shall not grant or continue authority to engage in the insurance business in this state of any insurer when contrary to public interest or when the principal management personnel of such insurer is found by him to be untrustworthy or not of good character, or so lacking in insurance company managerial experience as to make the proposed operation hazardous to the insurance - buying public or to its stockholders; or which he has good reason to believe is affiliated directly or indirectly through ownership, control, management, reinsurance transactions, or other insurance or business relations, with any person or persons whose business operations, to the detriment of insurers, stockholders, or creditors, are or have been marked by manipulation of assets, account
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South Dakota § 58-6-8 (Denial of authority to engage in business when contrary to public interest--Denial when managed by unqualified personnel--Affiliates.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
First American Title Co. v. South Dakota Land Title Ass'n
714 F.2d 1439 (Eighth Circuit, 1983)
Legislative History
SL 1966, ch 111, ch 3, § 4 (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Repealed by SL 2012, ch 252, § 30.§ 58-1-2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.