Upon receipt of the director's approval of the bond or deposit as provided in §§ 58-5-12 to 58-5-14, inclusive, the directors and officers of the proposed domestic mutual insurer may commence solicitation of applications for insurance.
S.D. Codified Laws § 58-5-15
Commencement of solicitation by mutual insurer
Source: SL 1966, ch 111, ch 16, § 11 (1).
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.