<html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-18-90 - Multiple employer trust not insurance company or association or subject to specified provisions--Exception. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075413Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075413SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075413CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075413Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075413DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075413000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075413SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075413SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } body { text-decoration-skip-ink: none; } </style></head><body><div><p dir="ltr" class="s2075413Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-18-90"><span class="s2075413SENU">58-18-90</span></a><span xml:space="preserve" class="s2075413SENU">. </span><span class="s2075413CL">Multiple employer trust not insurance company or association or subject to specified provisions--Exception.</span></p><p dir="ltr" class="s2075413Normal-000000"><span xml:space="preserve" class="s2075413DefaultParagraphFont">Except as otherwise provided in this chapter, an authorized multiple employer trust may not be determined to be or considered to be an insurance company or association of any kind or character under this title, or subject to the provisions of §§ </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-8-6"><span class="s2075413DefaultParagraphFont">58-8-6</span></a><span xml:space="preserve" class="s2075413DefaultParagraphFont"> to </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-8-19"><span class="s2075413DefaultParagraphFont">58-8-19</span></a><span class="s2075413DefaultParagraphFont">, inclusive.</span></p><p dir="ltr" class="s2075413Normal"><span xml:space="preserve" class="s2075413000001"> </span></p><p dir="ltr" class="s2075413Normal"><span class="s2075413SCL">Source:</span><span xml:space="preserve" class="s2075413SCL-000002"> SL 2005, ch 272, § 4; SL 2019, ch 212, § 8.</span></p></div></body></html>