No insurance company as a prerequisite to the sale of an insurance policy may require the insured or those purchasing insurance on his behalf to do banking business with any insurance company or a subsidiary bank.
S.D. Codified Laws § 58-27-87
Banking patronage as prerequisite to issuance of insurance policy prohibited
Source: SL 1983, ch 376, § 12.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.