Section 58-6A-18 - Designation of director as agent for purchasing group--Exceptions. - South Dakota Statutes

58-6A-18. Designation of director as agent for purchasing group--Exceptions. The purchasing group shall register with and designate the director as its agent solely for the purpose of receiving service of legal documents or process, except that such requirements do not apply in the case of a purchasing group:
(1) Which was domiciled before April 1, 1986, and is domiciled on and after October 27, 1986, in any state of the United States;
(2) Which before October 27, 1986, purchased insurance from an insurance carrier licensed in any state, and since October 27, 1986, purchased its insurance from an insurance carrier licensed in any state;
(3) Which was a purchasing group under the requirements of the Product Liability Risk Retention Act of 1981 before October 27, 1986; and
(4) Which does not purchase insurance that was not authorized for purposes of an exemption under that act, as in effect before October 27, 1986.

Source: SL 1987, ch 372, § 18.