Statutes > South Dakota Statutes > Title 58 - INSURANCE > Chapter 05 - Organization And General Powers Of Insurers > Section 58-5-62 - Guarantee by insurer of any financial obligation of its officers, directors,stockholders, or members prohibited.

Section 58-5-62 - Guarantee by insurer of any financial obligation of its officers, directors,stockholders, or members prohibited.

58-5-62. Guarantee by insurer of any financial obligation of its officers, directors, stockholders, or members prohibited. No insurer shall guarantee any financial obligation of any of its officers, directors, stockholders, or members.

Source: SL 1966, ch 111, ch 16, § 22 (2).