South Dakota § 58-46-3.1 - Group, sponsored, or special purpose captive insurance company limit of exposure to loss.
Full text of South Dakota South Dakota Codified Laws § 58-46-3.1 — Group, sponsored, or special purpose captive insurance company limit of exposure to loss., with citation guidance and answers to common questions.
§ 58-46-3.1. Group, sponsored, or special purpose captive insurance company limit of exposure to loss.
A group, sponsored, or special purpose captive insurance company shall limit its exposure to loss on any one risk or hazard to an amount deemed acceptable by the director. The amount shall be determined based on whether the risk or hazard is reinsured through an insurance company that is licensed or accredited in this state, or other safeguards to the group, sponsored, or special purpose captive insurance company's financial solvency and stability are adequate.
Source: SL 2013, ch 257, § 3.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 58-46-3.1
What does South Dakota Codified Laws § 58-46-3.1 cover?
Section 58-46-3.1 ("Group, sponsored, or special purpose captive insurance company limit of exposure to loss.") 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 § 58-46-3.1?
A common citation format is "South Dakota Codified Laws § 58-46-3.1" (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 § 58-46-3.1 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.