58-46-23.1. Risk management services.
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/sd/title-58/chapter-58-46/58-46-23-1·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A pure or agency captive insurance company may enter into any arrangement to provide risk management services to a controlled unaffiliated business or an unaffiliated business but may not accept any insurance risk from an unaffiliated business. A trust captive insurance company may enter into any arrangement to provide risk management services to an affiliated entity and may accept insurance risk from an affiliated entity.