South Dakota Code § 58-43-16.28

Member of insurance holding company system or group of insurers
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If an insurer is a member of an insurance holding company system or included in a group of insurers, the insurer may satisfy the internal audit function requirements provided in §§
58-43-16.25
to
58-43-16.27
, inclusive, at the ultimate controlling parent level, an intermediate holding company level, or the individual legal entity level.

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