SDCL § 58-33-48: Definition of terms.

When used in §§ 58-33-47 to 58-33-57, inclusive:

(1) "Residents" shall mean and include any person, partnership or corporation, domestic, alien or foreign.

(2) "Unfair Trade Practice Act" shall mean §§ 58-33-1 to 58-33-46.1, inclusive, relating to unfair methods of competition and unfair and deceptive acts and practices in the business of insurance.