South Dakota § 58-5A-49 - Action by director when acquisition lessens competition--Promulgation of rules establishing competitive standards.
Full text of South Dakota South Dakota Codified Laws § 58-5A-49 — Action by director when acquisition lessens competition--Promulgation of rules establishing competitive standards., with citation guidance and answers to common questions.
§ 58-5A-49. Action by director when acquisition lessens competition--Promulgation of rules establishing competitive standards.
The director may enter an order under § 58-5A-67 or 58-5A-69 with respect to an acquisition if there is substantial evidence that the effect of the acquisition lessens competition in any line of insurance in this state to the detriment of consumers or tends to create a monopoly or if the insurer fails to file adequate information in compliance with § 58-5A-48. The director may promulgate rules pursuant to chapter 1-26 to establish criteria and factors for competitive standards. The director may disapprove the acquisition or act to prevent the acquisition by invoking the laws of this state.
Source: SL 1992, ch 341, § 11.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 58-5A-49
What does South Dakota Codified Laws § 58-5A-49 cover?
Section 58-5A-49 ("Action by director when acquisition lessens competition--Promulgation of rules establishing competitive standards.") 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 § 58-5A-49?
A common citation format is "South Dakota Codified Laws § 58-5A-49" (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 § 58-5A-49 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.