58-14-32. Approval and filing of contract.The written contract with the agent, pursuant to §58-14-29, specifying the responsibilities of each party, shall be approved by the reinsurer's board of directors. At least thirty days before the insurer or reinsurer assumes or cedes business through the agent or broker, the contract in §58-14-29 shall be filed with the director for approval pursuant to §§58-5-85 to 58-5-87, inclusive. Source: SL 1992, ch 345, §9.
South Dakota Legal Code