South Dakota Statutes
§ 62-5-3 — Reciprocal or interinsurance contracts providing indemnity for loss under workers' compensation law.
An employer may secure the payment of compensation to any employee by insuring and keeping insured the payment of the compensation in some association organized for the exchange of reciprocal or interinsurance contracts with each other by individuals, partnerships, or corporations of this state for the purpose of providing indemnity among themselves from any loss under the workers' compensation law, if the association is authorized to do the business of entering into reciprocal or interinsurance contracts by the director of the Division of Insurance. Nothing in this section applies to reciprocal or interinsurance exchanges authorized to do business under the provisions of chapter 58-34 .
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South Dakota § 62-5-3 (Reciprocal or interinsurance contracts providing indemnity for loss under workers' compensation law.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
Lewis v. South Dakota State Department of Transportation
2003 SD 82 (South Dakota Supreme Court, 2003)
Legislative History
SL 1931, ch 271, § 1; SDC 1939, § 64.0106 (2); SL 2008, ch 278, § 36.
Nearby Sections
15
§ 62-1-1
Definition of terms.§ 62-1-1.1
Medical practitioner defined.§ 62-1-1.2
Determining impairment.§ 62-1-11
Requirements for owner§ 62-1-13
Election of owner§ 62-1-14
Promulgation of rules.§ 62-1-2
Employer defined.