South Dakota 27 — Loans And Investments Of Insurers
- 58-27-1 — Application of chapter.
- 58-27-2 — Eligible investments by insurers--Violation as misdemeanor.
- 58-27-3 — Time of determination of eligibility of investment.
- 58-27-4 — Prior legal investment deemed eligible.
- 58-27-5 — Acquisition of ineligible securities or property--Disposition.
- 58-27-6 — Time of investment limitation based on amount of insurer's admitted assets, riskbased capital, or capital and surplus.
- 58-27-7 — Investments required to produce income--Exemptions--Rules.
- 58-27-8 — Security or investment ineligible for purchase or exchange at more than marketvalue.
- 58-27-9 — Obligations of United States or Canada.
- 58-27-10 — Loans guaranteed by United States or Canada.
- 58-27-11 — Obligations of states, provinces, and political subdivisions.
- 58-27-12 — Revenue bonds of states, provinces, and political subdivisions.
- 58-27-12.1 — Maximum investments in bonds, warrants, and evidence of indebtedness.
- 58-27-13 — Obligations or stock of federal agencies.
- 58-27-14 — Certificates of deposit in federally insured banks.
- 58-27-15 — Federally insured savings and loan accounts.
- 58-27-15.1 — Credit Union accounts.
- 58-27-16 — Obligations of international bank and certain development banks forreconstruction and development.
- 58-27-17 — Investments authorized for insurers.
- 58-27-18 — Repealed.
- 58-27-23 — Nonassessable common stock of corporation--Insurance stocks excepted.
- 58-27-24 — Stock of solvent insurers meeting requirements.
- 58-27-25 — Insurer acquiring controlling interest in another stock insurer--Limitation as toamount.
- 58-27-26 — Investments in stock of majority owned subsidiary corporations.
- 58-27-27 — Maximum amount of investments in stock of majority owned subsidiary, oranother insurer or wholly owned subsidiary.
- 58-27-28 — Equipment trust obligations or certificates.
- 58-27-29 — Foreign securities--Insurer authorized to do business in foreign country--Limitation as to amount.
- 58-27-30 — Collateral loans--Pledge of securities--Restricted amount.
- 58-27-31 — Policy loans by life insurer--Maximum amount.
- 58-27-32 — Real estate mortgages and deeds of trust.
- 58-27-33 — "Improved real property" defined.
- 58-27-34 — Interests and restrictions not constituting encumbrances upon improved realproperty.
- 58-27-35 — Deduction of sum owing on real property but not due or delinquent--Reservedrights not included in fair value of property.
- 58-27-36 — Bonds or notes secured by mortgage or trust deed guaranteed by federalhousing administration.
- 58-27-37 — Bonds or notes secured by mortgage or trust deed guaranteed by administratorof veterans' affairs.
- 58-27-38 — Equity of seller of real property in contract for deed--Maximum amount ofinvestment.
- 58-27-39 — Evidences of debt secured by mortgage or trust deed upon leasehold estates--Eligibility for investment.
- 58-27-40 — Purchase money mortgage or other securities received by insurer upon sale orexchange of real property.
- 58-27-41 — Maximum loan on security of real property--Misdemeanor.
- 58-27-42 — Real property mortgage loan limited by property value--Loan on leasehold--Additional investment in other assets.
- 58-27-43 — Deduction from loan of amount guaranteed by administrator of veterans' affairs.
- 58-27-44 — Appraisal to determine market value of property.
- 58-27-45 — Loan on or investment in real estate mortgage on security of chattel mortgage--Limited amount.
- 58-27-46 — "Durable equipment" defined.
- 58-27-47 — Acquisition of chattel mortgage--Separate appraisal of included items todetermine fair market value--Maximum amount of loan.
- 58-27-48 — Liens on personal property as additional security permitted.
- 58-27-49 — Sale of mortgage loans to federal national mortgage association.
- 58-27-50 — Restrictions on purposes and amount of real estate investments.
- 58-27-51 — Maximum investments in other assets--Exceptions.
- 58-27-51.1 — Additional investment authority--Life and health insurers.
- 58-27-51.2 — Additional investment authority--Property and casualty insurers.
- 58-27-51.3 — Additional investment authority--Valuation of investments.
- 58-27-52 — Limits on categories of investments.
- 58-27-53 — Maximum amount of investments with one person--Exceptions.
- 58-27-54 — Maximum amount of investment in voting stock of corporation--Exceptions.
- 58-27-55 — Maintenance of invested funds--Minimum amount--Guaranteed securities--Realproperty.
- 58-27-56 — Minimum investments by life insurer.
- 58-27-57 — Corporate bonds, debentures, and equipment trust certificates--Maximumamount of investment.
- 58-27-58 — Limitations on investments in corporate stock--Exceptions.
- 58-27-59 — Repealed.
- 58-27-60 — Limits of investments in real estate--Law governing.
- 58-27-61 — Investment or loans on own capital stock.
- 58-27-62 — Loan secured by own stock as collateral.
- 58-27-63 — Repealed.
- 58-27-64 — "Affiliate" defined.
- 58-27-65 — Finding of director that security designed to evade chapter--Investment or loanprohibited.
- 58-27-66 — Pension or profit-sharing trust agreement not prohibited.
- 58-27-67 — Underwriting of securities or property prohibited.
- 58-27-68 — Foreign insurer--Permitted investment portfolio--Domicile of alien insurer.
- 58-27-69 — Authorization of investment or loan by board or committee of insurer.
- 58-27-70 — Disposal of real estate unnecessary for transaction of insurance business--Timelimit.
- 58-27-71 — Disposal of real estate acquired in satisfaction of debt, as part payment ofconsideration on sale of real estate, as gift or devise, or through merger,consolidation, or bulk reinsurance--Time limit.
- 58-27-72 — Extension of time for disposal of real estate--Election to hold as investment forincome purposes, acquisition cost.
- 58-27-73 — Immediate disposal of ineligible property or security unlawfully acquired.
- 58-27-74 — Disposal of lawfully acquired ineligible property--Extension of time.
- 58-27-75 — Ineligible personal property or securities not allowable as assets of insurer.
- 58-27-76 — Expiration of period for disposal of ineligible property or securities--Disallowance as admitted asset.
- 58-27-77 — Immediate disposal of ineligible investment unlawfully acquired.
- 58-27-78 — Nominee holding investments--Definitions.
- 58-27-79 — Name in which investments held.
- 58-27-80 — Holding in name of clearing corporation, custodian bank or nominee--Conditions.
- 58-27-81 — Securities lending, repurchase, reverse repurchase and dollar roll transactions--Agreement required.
- 58-27-82 — Participation in federal reserve book-entry system.
- 58-27-83 — Interest in pool of obligations--Fractional interest in an obligation--Requirements.
- 58-27-84 — Evidence of investment required in absence of certificate.
- 58-27-85 — Banking business authorized--Acquisition of banks--Regulation of such bankingbusiness.
- 58-27-86 — Approval of banking acquisition required--Considerations in determining--Conditions.
- 58-27-87 — Banking patronage as prerequisite to issuance of insurance policy prohibited.
- 58-27-88 — Limitation on application of Secondary Mortgage Market Enhancement Act tocertain investments.
- 58-27-89 — Definition of terms.
- 58-27-90 — Limitations on acquiring medium or lower grade obligations.
- 58-27-91 — Obligations contracted prior to July 1, 1992.
- 58-27-92 — Multiple obligations in same institution.
- 58-27-93 — Written plans for making medium or lower grade obligations--Contents of plan--Deadline.
- 58-27-94 — Limit on amount invested in medium or lower grade obligations.
- 58-27-95 — Restructuring of medium or lower grade obligation already held.
- 58-27-96 — Conflicting provisions.
- 58-27-97 — Excess transactions.
- 58-27-98 — Promulgation of rules.
- 58-27-99 — Application of §§ 58-27-89 to 58-27-102.
- 58-27-100 — Time limit for compliance with §§ 58-27-89 to 58-27-102.
- 58-27-101 — Investment in money market funds.
- 58-27-102 — Investment in company owned life insurance contracts.
- 58-27-103 — Investment in a collateralized pool of mortgages--Requirements--Restrictions.
- 58-27-104 — Investment in a collateralized pool of assets other than mortgages--Requirements.
- 58-27-105 — Foreign investments.
- 58-27-106 — Repealed.
- 58-27-107 — Ratification of investment.
- 58-27-108 — Rating and valuation of investments--Requirements--Divestment.
- 58-27-109 — "Institution" defined.
- 58-27-110 — Title plans investments.
- 58-27-111 — Joint venture and limited partnership investments.