{"data":{"id":"us-sd/sdcl-58-5-124","jurisdiction":"us-sd","citation":"SDCL § 58-5-124","heading":"Members of domestic mutual insurer voting on bulk insurance, requirement by director--Calling of meeting, notice--Limited rights of members of life insurer to vote.","body":"The director may require that plan and agreement for reinsurance be approved by a vote of not less than two-thirds of each domestic mutual insurer's members voting thereon at meetings of members called for the purpose, pursuant to such reasonable notice and procedure as the director may determine. If a life insurer, right to vote may be limited to members whose policies are other than term or group policies, and have been in effect for more than one year.","path":["TITLE 58. INSURANCE","CHAPTER 58-5. ORGANIZATION AND GENERAL POWERS OF INSURERS"],"source_url":"https://sdlegislature.gov/Statutes/58-5-124","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"01b2a257d54c99f92f4b264ce324dfd464aeb57154c3197e38bbf31bc18b0747","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-58-5-123","next":"us-sd/sdcl-58-5-125"},"notice":"GroundRules: Original legal text. Not legal advice."}