South DakotaFarm mutual insurers limit who may serve on their boards
South Dakota farm mutual insurers may choose directors only from their own members or members of organizations connected to them through control.
What it does
A person may serve as a farm mutual insurer’s director only if they belong to the insurer or an organization connected to it through control.
Argument forRequiring directors to belong to the insurer or a connected organization may help keep board members tied to the insurer.
Argument againstPeople outside an insurer’s membership and connected organizations could have fewer chances to serve on its board.
More detail
A person may serve as a farm mutual insurer’s director only if they belong to the insurer or one of its affiliates. This applies to directors of farm mutual insurers. An affiliate is an organization that controls the insurer, is controlled by it, or is under common control with it, directly or through other organizations.
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Mar 4Signed by the Governor Larry Rhoden on 2026-03-04 H.J. 496Became Law
- Mar 3Delivered to the Governor on 2026-03-03 H.J. 480To Governor
- Mar 2Signed by the President S.J. 434Major
- Feb 26Signed by the Speaker H.J. 462Major
- Feb 25Senate Do Pass , Passed, YEAS 33, NAYS 0 S.J. 399Passed Senate
- Feb 24Certified uncontested, placed on consent , Passed, S.J. 13
- Vote recorded Do Pass. Result: pass.Upper
- Feb 24Commerce and Energy Do Pass , Passed, YEAS 7, NAYS 0 S.J. 13Minor
- Feb 24Scheduled for hearing
- Feb 5Referred to Senate Commerce and Energy S.J. 199Minor
- Feb 4First Reading Senate S.J. 182
- Feb 3House of Representatives Do Pass , Passed, YEAS 65, NAYS 2 H.J. 208Passed House
- Feb 2Certified uncontested, placed on consent , Passed,
- Vote recorded Do Pass. Result: pass.Lower
- Feb 2Commerce and Energy Do Pass , Passed, YEAS 13, NAYS 0Minor
- Feb 2Scheduled for hearing
- Jan 26Referred to House Commerce and Energy H.J. 136Minor
- Jan 23First Reading House H.J. 124Introduced