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

58-5-86. Domestic insurer--Management and exclusive agency contracts, disapproval by director, grounds.

62 words·~1 min read·/sd/title-58/chapter-58-5/58-5-86

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

The director shall disapprove any such contract if he finds that it:
(1)Subjects the insurer to excessive charges; or
(2)Is to extend for an unreasonable length of time; or
(3)Does not contain fair and adequate standards of performance; or
(4)Contains any provision which the director deems detrimental to the best interests of stockholders or members of the insurer.
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