South Dakota § 58-48-3 - Waiver not to restrict policyholder recovery or restrict director's authority.
Full text of South Dakota South Dakota Codified Laws § 58-48-3 — Waiver not to restrict policyholder recovery or restrict director's authority., with citation guidance and answers to common questions.
§ 58-48-3. Waiver not to restrict policyholder recovery or restrict director's authority.
The authority granted to the director under this chapter may not be construed to allow the director to grant a waiver that would abridge the recovery rights of policyholders and may not be interpreted to limit or otherwise affect the authority of the director to exercise discretion to waive or enforce requirements as permitted under any other requirement of this title, any regulation, or any bulletin. The waiver may not be construed to waive any requirements except those which inhibit the introduction of the innovative insurance product or service as addressed in the innovation waiver document.
Source: SL 2021, ch 214, § 3.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 58-48-3
What does South Dakota Codified Laws § 58-48-3 cover?
Section 58-48-3 ("Waiver not to restrict policyholder recovery or restrict director's authority.") 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 § 58-48-3?
A common citation format is "South Dakota Codified Laws § 58-48-3" (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 § 58-48-3 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.