A domestic mutual insurer, after being authorized to transact one or more kinds of insurance, may be authorized to transact such additional kinds of insurance as are permitted under § 58-5-21, while in compliance with this title and while maintaining unimpaired surplus funds in conformity with the requirements of §§ 58-5-21 and 58-5-22.
S.D. Codified Laws § 58-5-26
Authorization of domestic mutual insurer to transact additional kinds of insurance
Source: SL 1966, ch 111, ch 16, § 14.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.