No insurer shall be formed or authorized to transact insurance in this state which has or uses a name or principal identifying name factor which is the same as or deceptively similar to that of another insurer earlier so authorized.
S.D. Codified Laws § 58-6-14
Use of deceptively similar name prohibited
Source: SL 1966, ch 111, ch 3, § 8 (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.