The director must have had at least five years of practical experience in one or more of the types of insurance business subject to regulation by the director, or have had other professional and business experience reasonably adequate in character and scope to equip him to discharge the duties and fulfill the responsibilities of the office of director.
S.D. Codified Laws § 58-2-3
Qualifications of director
Applied in 1 court decision — leading case 1st American Systems, Inc. v. Rezatto (1981)
Most recently applied in 1st American Systems, Inc. v. Rezatto (October 1981)
Source: SL 1966, ch 111, ch 2, § 3.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.