{"data":{"id":"us-sd/sdcl-58-5-19","jurisdiction":"us-sd","citation":"SDCL § 58-5-19","heading":"Trust deposit of premiums or fees collected by mutual insurer on qualifying applications.","body":"All sums collected by a proposed mutual insurer as premiums or fees on qualifying applications for insurance shall be deposited in trust in a bank or trust company in this state under a trust agreement consistent with § 58-5-25 and with subdivision 58-5-18(3). The corporation shall file an executed copy of such agreement with the director of insurance.","path":["TITLE 58. INSURANCE","CHAPTER 58-5. ORGANIZATION AND GENERAL POWERS OF INSURERS"],"source_url":"https://sdlegislature.gov/Statutes/58-5-19","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"a77698ab0746723b45c2235322cb1d94a2d42372fd241c1c7fb4639df68bb54d","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-58-5-18","next":"us-sd/sdcl-58-5-20"},"notice":"GroundRules: Original legal text. Not legal advice."}