The organization shall hold all premiums received in trust and promptly remit premiums to the person entitled thereto.
S.D. Codified Laws § 58-40-28
Premiums held in trust by purchasing organization
Known as the Hospital Service Plan Law
The act spans §§ 58–58 (50 sections).
Source: SL 1994, ch 382, § 7.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.