S.D. Admin. R. 20:06:03:12

Current through Register Vol. 51, page 67, December 16, 2024

Section 20:06:03:12 - Participant or participants in a solicitation

For purposes of §§ 20:06:03:11 to 20:06:03:22, inclusive, the terms "participant" and "participant in a solicitation" include:

(1) The insurer;

(2) Any director of the insurer, and any nominee for whose election as a director proxies are solicited; and

(3) Any other person, acting alone or with one or more other persons, committees or groups, in organizing, directing or financing the solicitation.

S.D. Admin. R. 20:06:03:12

SL 1975, ch 16, § 1; 12 SDR 151, 12 SDR 155, effective 7/1/1986.

General Authority: SDCL 58-4-1, 58-5-49.

Law Implemented: SDCL 58-5-49.