No insurer shall guarantee any financial obligation of any of its officers, directors, stockholders, or members.
S.D. Codified Laws § 58-5-62
Guarantee by insurer of any financial obligation of its officers, directors, stockholders, or members prohibited
Source: SL 1966, ch 111, ch 16, § 22 (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.