{"data":{"id":"us-sd/sdcl-58-46-10","jurisdiction":"us-sd","citation":"SDCL § 58-46-10","heading":"Forms of incorporation.","body":"A pure or agency captive insurance company may be incorporated as a stock corporation, a nonstock corporation, a nonprofit corporation, or may be formed as a limited liability company, business trust under chapter 47-14A, or other form of legal entity as approved by the director.\nA group captive insurance company may be incorporated as a stock corporation or as a nonstock corporation, may be formed as a limited liability company, a business trust, or may be organized as a reciprocal insurer, or other form of legal entity as approved by the director.\nA special purpose captive insurance company may be incorporated as a stock corporation or as a nonstock corporation, may be formed as a limited liability company, business trust or trust, or may be such other form of legal entity as approved by the director.\nA trust captive insurance company may be incorporated as a stock corporation or as a nonstock corporation, or may be formed as a limited liability company, or business trust, or other form of legal entity as approved by the director.\nA sponsored captive insurance company may be incorporated as a stock corporation or as a nonstock corporation, or may be formed as a limited liability company, or business trust, or other form of legal entity as approved by the director.","path":["TITLE 58. INSURANCE","CHAPTER 58-46. CAPTIVE INSURANCE COMPANIES"],"source_url":"https://sdlegislature.gov/Statutes/58-46-10","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"b18fafd3524d5df997ea2c6c5b3d8dff30acace2ad646f6e91d5a2e255774c4a","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-58-46-9","next":"us-sd/sdcl-58-46-11"},"notice":"GroundRules: Original legal text. Not legal advice."}