South Dakota Statutes
§ 58-6A-3.8 — Waiver of audit committee requirement.
South Dakota § 58-6A-3.8
This text of South Dakota § 58-6A-3.8 (Waiver of audit committee requirement.) 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-3.8 (2026).
Text
The domestic regulator may waive the requirement to establish an audit committee composed of independent board members if the risk retention group is able to demonstrate to the domestic regulator that it is impracticable to do so and the risk retention group's board of directors itself is otherwise able to accomplish the purposes of an audit committee, as described in § 58-6A-3.7 .
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Legislative History
SL 2016, ch 232, § 10.
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Repealed by SL 2012, ch 252, § 30.§ 58-1-2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.Cite This Page — Counsel Stack
Bluebook (online)
South Dakota § 58-6A-3.8, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/58-6A-3.8.