20:06:30:19Prohibition against avoidance.
Section · Administrative Rules of South Dakota · View on sdlegislature.gov ↗
Rulemaking activity
No insurer that has a covered policy as to which §§ 20:06:30:13 to 20:06:30:20, inclusive, apply may take any action, or enter into any transaction or arrangement, if the purpose of that action, transaction or arrangement is to avoid the requirements of §§ 20:06:30:13 to 20:06:30:20, inclusive, or to circumvent its purpose and intent.
Source: 49 SDR 9, effective August 9, 2022.