Sections 58-5-6 and 58-5-7 apply to both stock and mutual insurers incorporated in this state after June 30, 1966. Source: SL 1966, ch 111 , ch 16, § 6 (1).
Incorporation of stock and mutual insurers
SDCL § 58-5-5 — under ORGANIZATION AND GENERAL POWERS OF INSURERS.
SDCL § 58-5-5