Bill > HB1119

This bill modifies existing South Dakota law concerning directors of farm mutual insurers, which are companies that provide insurance to farmers. Specifically, it amends Section 58-35-26 to clarify that an individual can serve as a director of a farm mutual insurer if they are a member of the insurer itself or a member of one or more of its "affiliates." An affiliate is defined as any company that is controlled by, controls, or is commonly controlled with the farm mutual insurer. This change aims to broaden the pool of eligible individuals who can serve on the board of directors for these types of insurance companies.

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https://sdlegislature.gov/#/Session/Bill/26712