Section 58-5C-4 - Number of insurance applications required before certificate issued to mutual insurer. - South Dakota Statutes

58-5C-4. Number of insurance applications required before certificate issued to mutual insurer. No original certificate of authority may be issued by the director of the Division of Insurance until one hundred applications have been received from licensed attorneys to be affected, and until the director has satisfied himself that such a mutual insurer has bona fide applications representing the number of applicants required.

Source: SL 1977, ch 405, § 4; SL 1979, ch 342.