S.D. Admin. R. 20:06:30:19

Current through Register Vol. 51, page 67, December 16, 2024
Section 20:06:30:19 - Prohibition against avoidance

No insurer that has a covered policy as to which §§ 20:06:30:13 to 20:06:30:20, inclusive, applies shall take any action or series of actions, or enter into any transaction or arrangement or series of transactions or arrangements if the purpose of that action, transaction or arrangement or series thereof is to avoid the requirements of §§ 20:06:30:13 to 20:06:30:20, inclusive, or to circumvent its purpose and intent.

S.D. Admin. R. 20:06:30:19

49 SDR 009, effective 8/9/2022

General Authority: SDCL 58-14-17.

Law Implemented: SDCL 58-14-17.