Any purchasing group which intends to do business in this state shall furnish notice to the director which shall:

(1) Identify the state in which the group is domiciled;

Ask an insurance law question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Terms Used In South Dakota Codified Laws 58-6A-17

  • Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
  • State: when used in context signifying a jurisdiction other than the State of South Dakota, a state, the District of Columbia, a territory, commonwealth, or possession of the United States of America, or a province of the Dominion of Canada. See South Dakota Codified Laws 58-1-2

(2) Specify the lines and classifications of liability insurance which the purchasing group intends to purchase;

(3) Identify the insurance company from which the group intends to purchase its insurance and the domicile, together with the complete business address, of such company;

(4) Identify the principal place of business of the group, together with the complete business address;

(5) Provide such other information as may be required by the director to verify that the purchasing group is qualified under § 58-6A-1;

(6) Identify all other states in which the group intends to do business; and

(7) Specify the method by which, and the person through whom insurance shall be offered to its members whose risks are resident or located in this state.

Source: SL 1987, ch 372, § 17; SL 1988, ch 392, § 5.