The reinsurance agreement must contain the following provisions:
- (1) That the agreement constitutes the entire agreement between the parties regarding the business being reinsured and there are no understandings between the parties other than those expressed in the agreement; and
- (2) That any change or modification to the agreement is void unless it is made by amendment to the agreement and signed by both parties.
Source: 22 SDR 52, effective October 25, 1995.
General Authority: SDCL 58-14-17.
Law Implemented: SDCL 58-14-17.