No insurer shall underwrite or participate in the underwriting of an offering of securities or property by any other person.
S.D. Codified Laws § 58-27-67
Underwriting of securities or property prohibited
Source: SL 1966, ch 111, ch 6, § 34 (2).
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.