HB 1119·SD·house
modify provisions regarding directors serving on a farm mutual insurer’s board.
Signed into LawFiled Jan 23, 2026
Sponsor: Crabtree
Latest Action
Signed by the Governor on 2026-03-04
Mar 4, 2026
Summary
The legislation changes the incorporation rules for farm mutual insurers in South Dakota. It sets a board size of at least five and no more than eleven directors and says only members of the insurer or its affiliates may serve as directors. The goal is to ensure board composition reflects the insurer’s ownership and to standardize governance.
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