Amends South Dakota law to modify the requirements for directors serving on a farm mutual insurer’s board.

This bill amends South Dakota law to change the criteria for individuals serving as directors on a farm mutual insurer’s board. Specifically, it modifies the requirement that a director must be a member of the insurer or an affiliate. The bill also updates the articles of incorporation to include details such as the insurer's name, location, business purpose, and the number of directors.

Amends South Dakota law to modify the requirements for directors serving on a farm mutual insurer’s board.

This bill amends South Dakota law to change the criteria for individuals serving as directors on a farm mutual insurer’s board. Specifically, it modifies the requirement that a director must be a member of the insurer or an affiliate. The bill also updates the articles of incorporation to include details such as the insurer's name, location, business purpose, and the number of directors.