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Code · South Dakota · Title 58 · Chapter 58-5

58-5-102. Insurance in reciprocating state under contracts issued in state in which licensed not prohibited--Policies issued as an unauthorized insurer permitted under laws of reciprocating state not prohibited.

54 words·~1 min read·/sd/title-58/chapter-58-5/58-5-102·

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

Section 58-5-100 shall not prohibit insurance covering persons or risks located in a reciprocating state under contracts solicited and issued in states in which the insurer is then licensed, nor shall it prohibit insurance policies issued by the insurer as an unauthorized insurer if permitted in accordance with the laws of the reciprocating state.
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