S.D. Admin. R. 20:06:07:07

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

Section 20:06:07:07 - Foreign companies

If the law or regulation in the place of domicile of a foreign company provides a degree of protection to the policyholders and the public which is substantially equal to that provided by this chapter, the director, in the director's discretion, may consider compliance with that law or regulation as compliance with this chapter.

S.D. Admin. R. 20:06:07:07

4 SDR 6, effective 8/9/1977; 12 SDR 117, effective 1/19/1986; 12 SDR 151, 12 SDR 155, effective 7/1/1986.

General Authority: SDCL 58-28-31.

Law Implemented: SDCL 58-28-25, 58-28-26.