58-11-26. Underwriters' policy--Joint and several liability--True name of insurer.
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/sd/title-58/chapter-58-11/58-11-26·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Two or more authorized insurers may, with the director's approval, jointly issue, and shall be jointly and severally liable on, an underwriters' policy bearing their names. Any one insurer may issue policies in the name of an underwriter's department and such policy shall plainly show the true name of the insurer.