South Dakota § 58-48-8 - Conditions on innovation waiver.
Full text of South Dakota South Dakota Codified Laws § 58-48-8 — Conditions on innovation waiver., with citation guidance and answers to common questions.
§ 58-48-8. Conditions on innovation waiver.
An insurance innovation waiver shall be issued by the director in writing that limits the number of consumers in this state that may purchase or utilize the underlying insurance product or service to no more than twenty thousand consumers and specifies any terms, conditions, and limitations that the director considers appropriate, including:
(1) Limits on the amount of premium that may be written in relation to the innovative product or service;
(2) Liability coverage requirements and minimum financial reserve requirements that the applicant must meet during the testing of the innovative insurance product or service; and
(3) Regular or additional reporting on any aspect of the innovative insurance product or service during the test, including financial results and consumer information.
Conditions issued under this section do not restrict a person who holds a license or authorization in another jurisdiction from acting in accordance with that license or authorization in that jurisdiction.
Source: SL 2021, ch 214, § 8.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 58-48-8
What does South Dakota Codified Laws § 58-48-8 cover?
Section 58-48-8 ("Conditions on innovation waiver.") 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 § 58-48-8?
A common citation format is "South Dakota Codified Laws § 58-48-8" (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 § 58-48-8 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.