Section 62-5-17 - Public utilities--Certificate of financial good standing. - South Dakota Statutes

62-5-17. Public utilities--Certificate of financial good standing. That any employer seeking permission to be a self-insurer, or seeking renewal of its permission to be a self-insurer who is a public utility as defined in chapter 49-34A or as a telecommunications company as defined in § 49-31-1, who is subject to rate base or price regulation by the South Dakota Public Utilities Commission may furnish to the department, on a form required by the department, a certificate of financial good standing issued by the South Dakota Public Utilities Commission. The certificate when approved by the secretary shall be deemed to constitute compliance by the employer with the requirements of the department relating to self-insurers.

Source: SL 1989, ch 453, § 10.