58-34-22. Power of attorney--Terms--Approval by director.
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/sd/title-58/chapter-58-34/58-34-22·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The terms of any power of attorney or agreement collateral thereto shall be fair and equitable, and no such power or agreement shall be effective as to a domestic reciprocal insurer until approved by the director.