Section 58-34-22 - Power of attorney--Terms--Approval by director

58-34-22. Power of attorney--Terms--Approval by director.The terms of any power of attorney or agreement collateral thereto shall be fair and equitable, and no such power or agreement shall be effective as to a domestic reciprocal insurer until approved by the director. Source: SL 1966, ch 111, ch 19, §10 (3).