SDCL § 58-5-162: Corporate governance disclosure--Requirements and limitations.

Nothing in §§ 58-5-161 to 58-5-171, inclusive, may be construed to prescribe or impose corporate governance standards and internal procedures beyond that which is required under applicable state corporate law.

Nothing in §§ 58-5-161 to 58-5-171, inclusive, may be construed to limit the director’s authority, or the rights or obligations of third parties, under chapter 58-3. The requirements in §§ 58-5-161 to 58-5-171, inclusive, apply to all insurers domiciled in this state.