58-6A-19.1. Purchase from risk retention group not chartered or insurer not admitted in state prohibited--Exception.A purchasing group may not purchase insurance from a risk retention group that is not chartered in a state or from an insurer not admitted in the state in which the purchasing group is located, unless the purchase is effected through a licensed insurance producer acting pursuant to the surplus lines laws and regulations of such state. Source: SL 1988, ch 392, §9; SL 2001, ch 286, §92.
South Dakota Legal Code