At least one of the members of the governing board of a captive insurance company incorporated in this state shall be a resident of this state. Source: SL 1996, ch 287 , § 12; SL 2013, ch 257 , § 11.
Governing board
SDCL § 58-46-12 — under CAPTIVE INSURANCE COMPANIES.
SDCL § 58-46-12