South Dakota § 58-6A-3.10 Code of business conduct and ethics.

South Dakota Statutes

§ 58-6A-3.10 — Code of business conduct and ethics.

South Dakota § 58-6A-3.10

Title 58INSURANCE

Ch. 58-5CRISK RETENTION GROUPS

This text of South Dakota § 58-6A-3.10 (Code of business conduct and ethics.) 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 § 58-6A-3.10 (2026).

Text

The board of directors shall adopt and disclose a code of business conduct and ethics for directors, officers, and employees. Each director, officer, and employee shall promptly disclose to the board of directors any waivers of the code. The code of business conduct and ethics shall include the following topics:

(1)Conflicts of interest;

(2)Matters covered under the corporate opportunities doctrine under the state of domicile;

(3)Confidentiality;

(4)Fair dealing;

(5)Protection and proper use of risk retention group assets;

(6)Compliance with all applicable laws, rules, and regulations; and (7) Requiring the reporting of any illegal or unethical behavior which affects the operation of the risk retention group.

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The board of directors shall adopt and disclose a code of business conduct and ethics for directors, officers, and employees. Each director, officer, and employee shall promptly disclose to the board of directors any waivers of the code. The code of business conduct and ethics shall include the following topics: (1) Conflicts of interest; (2) Matters covered under the corporate opportunities doctrine under the state of domicile; (3) Confidentiality; (4) Fair dealing; (5) Protection and proper use of risk retention group assets; (6) Compliance with all applicable laws, rules, and regulations; and (7) Requiring the reporting of any illegal or unethical behavior which affects the operation of the risk retention group.