58-5C-2. Malpractice insurance contracts among attorneys.Any number of attorneys licensed to practice their profession in any of the states, may enter into contracts with each other for the purpose of protecting themselves by insurance against loss by reason of actions at law on account of their alleged error, mistake, negligence, or omission or malpractice in the performance of their profession, or for loss by reason of damages in other respects, and to reimburse any member in case of such loss. Source: SL 1977, ch 405, §2.
South Dakota Legal Code