Insurance legislation could mean jobs for SD

January 21, 2013 at 6:06 pm in The Daily Republic

PIERRE South Dakota’s status as a tax-free place for wealthy people to establish personal and family trust funds hasn’t produced many jobs other than at law firms. But state lawmakers were told Friday that white-collar jobs could result if South Dakota allows more types of captive insurance companies, including captive trusts, which currently aren’t recognized in any state.
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