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Code · South Dakota · Title 58 · Chapter 58-46

58-46-28. Sponsor of sponsored captive insurance company.

62 words·~1 min read·/sd/title-58/chapter-58-46/58-46-28

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

A sponsor of a sponsored captive insurance company shall be any entity approved by the director. A risk retention group may not be a sponsor of a sponsored captive insurance company, and a risk retention group may be a participant of a sponsored captive insurance company only to the extent that it is the sole participant of one or more protected cells.
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