{"data":{"id":"us-sd/sdcl-58-3-23","jurisdiction":"us-sd","citation":"SDCL § 58-3-23","heading":"Preclusion of examiner--Grounds.","body":"No examiner may be appointed by the director if the examiner, either directly or indirectly, has a conflict of interest or is affiliated with the management of or owns a pecuniary interest in any person subject to examination under this chapter. This section may not be construed to automatically preclude an examiner from being:\n(1) A policyholder or claimant under an insurance policy;\n(2) A grantor of a mortgage or similar instrument on the examiner's residence to a regulated entity if done under customary terms and in the ordinary course of business;\n(3) An investment owner in shares of regulated diversified investment companies; or\n(4) A settlor or beneficiary of a \"blind trust\" into which any otherwise impermissible holdings have been placed.","path":["TITLE 58. INSURANCE","CHAPTER 58-3. EXAMINATION OF INSURERS AND INSURANCE PRODUCERS"],"source_url":"https://sdlegislature.gov/Statutes/58-3-23","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"8378ddf7cc50e42f02f15dcaad625149ec0ed67eda047b197af5a08c65ac34cc","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-58-3-22","next":"us-sd/sdcl-58-3-24"},"notice":"GroundRules: Original legal text. Not legal advice."}