South Dakota § 58-32-3.1 - Home state defined.
Full text of South Dakota South Dakota Codified Laws § 58-32-3.1 — Home state defined., with citation guidance and answers to common questions.
§ 58-32-3.1. Home state defined.
The term, home state, as used in this chapter, means, with respect to an insured:
(1) The state in which an insured maintains its principal place of business or, in the case of an individual, the individual's principal residence; or
(2) If one hundred percent of the insured risk is located out of the state referred to in subdivision (1) of this section, the state to which the greatest percentage of the insured's taxable premium for the insurance contract is allocated.
If more than one insured from an affiliated group are named insureds on a single nonadmitted insurance contract, the term means the home state as determined under subdivision (1) of this section of the member of the affiliated group that has the largest percentage of premium attributable to it under the contract.
Source: SL 2011, ch 223, § 6.
Frequently Asked Questions About South Dakota § 58-32-3.1
What does South Dakota Codified Laws § 58-32-3.1 cover?
Section 58-32-3.1 ("Home state defined.") is part of the South Dakota Codified Laws, the codified statutory law of South Dakota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Dakota § 58-32-3.1?
A common citation format is "South Dakota Codified Laws § 58-32-3.1" (South Dakota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Dakota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Dakota official source linked on this page or consult a licensed South Dakota attorney.
How does South Dakota § 58-32-3.1 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Dakota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Dakota.