S.D. Admin. R. 20:06:11:02

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

Section 20:06:11:02 - Exemptions from restrictions on insiders' interests, officers

SDCL 58-5-61 shall not prevent the receipt of any fee, commission or other consideration by an officer, or by a corporation or partnership in which such officer has a beneficial interest, on account of services rendered to an insurer as a lawyer or licensed practitioner of a healing art provided the conditions specified in § 20:06:11:01 are met.

S.D. Admin. R. 20:06:11:02

1 SDR 53, effective 1/27/1975, 4 SDR 6, effective 8/9/1977; 12 SDR 151, 12 SDR 155, effective 7/1/1986.

General Authority: SDCL 58-4-1, 58-5-65.

Law Implemented: SDCL 58-5-61.