Source: SL 1992, ch 341 , § 4.
For the purposes of this section, "person" does not include any securities broker holding, in the usual and customary brokers function, less than twenty percent of the voting securities of an insurance company or of any person which controls an insurance company
SDCL § 58-5A-53, under INSURANCE HOLDING COMPANIES.
SDCL § 58-5A-53