{"data":{"id":"us-sd/sdcl-58-29a-86","jurisdiction":"us-sd","citation":"SDCL § 58-29A-86","heading":"Delegation of functions to interstate organization--Reimbursement of organization--Approval of delegation.","body":"The plan of operation may provide that any or all powers and duties of the association, except those under subdivision 58-29A-60(2) and those under §§ 58-29A-75 to 58-29A-81, inclusive, are delegated to a corporation, association, or other organization which performs or will perform functions similar to those of this association, or its equivalent, in two or more states. Such a corporation, association, or organization shall be reimbursed as a servicing facility would be reimbursed and shall be paid for its performance of any other functions of the association. A delegation under this section shall take effect only with the approval of both the board of directors and the director, and may be made only to a corporation, association, or organization which extends protection not substantially less favorable and effective than that provided by this chapter.","path":["TITLE 58. INSURANCE","CHAPTER 58-29A. INSURANCE GUARANTY ASSOCIATION"],"source_url":"https://sdlegislature.gov/Statutes/58-29A-86","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"44151631817662e0000aebb9523e2f25b05ad367124609109f141684bbaf62a8","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-58-29a-85","next":"us-sd/sdcl-58-29a-87"},"notice":"GroundRules: Original legal text. Not legal advice."}