§ 58-29D-1 Definition of terms.

SD Codified L § 58-29D-1 (2019) (N/A)
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58-29D-1. Definition of terms. Terms used in this chapter mean:

(1) "Affiliate" or "affiliated," any entity or person who directly or indirectly through one or more intermediaries, controls or is controlled by, or is under common control with, a specified entity or person;

(2) "Underwrites" or "underwriting," the acceptance of employer or individual applications for coverage of individuals in accordance with the written rules of the insurer; the overall planning and coordinating of an insurance program; and the ability to procure bonds and excess insurance.Source: SL 1992, ch 352, § 1.