58-6-6. Eligibility of insurer for certificate of authority.To qualify for and hold authority to transact insurance in this state, an insurer must be otherwise in compliance with this title and with its charter provisions, and must be an incorporated stock insurer, or an incorporated mutual insurer, or a reciprocal insurer, of the same general type as may be formed as a domestic insurer under this title. Source: SL 1966, ch 111, ch 3, §4.
South Dakota Legal Code