No life insurer shall be authorized to transact insurance in this state which has or uses a name deceptively similar to that of another insurer authorized to transact insurance in this state within the preceding ten years if life insurance policies originally issued by such other insurer are still outstanding in this state.
S.D. Codified Laws § 58-6-15
Use of deceptively similar name by life insurer prohibited for ten years
Source: SL 1966, ch 111, ch 3, § 8 (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.