For purposes of §§ 20:06:03:11 to 20:06:03:22, inclusive, the terms "participant" and "participant in a solicitation" include:

1. (1) The insurer;
2. (2) Any director of the insurer, and any nominee for whose election as a director proxies are solicited; and
3. (3) Any other person, acting alone or with one or more other persons, committees or groups, in organizing, directing or financing the solicitation.

Source: SL 1975, ch 16, § 1; 12 SDR 151, 12 SDR 155, effective July 1, 1986.

General Authority: SDCL 58-4-1 , 58-5-49.

Law Implemented: SDCL 58-5-49.