2013 South Dakota Codified Laws
Title 58 - INSURANCE
Chapter 07 - Insurers' Deposits With State
§ 58-7-30 Right of insurer to deposited assets and securities during solvency.
58-7-30. Right of insurer to deposited assets and securities during solvency. While the insurer remains solvent and is in compliance with this title it may:
(1) Demand, receive, sue for, and recover the income from the assets or securities deposited;
(2) Exchange and substitute for the deposited assets or securities, or any part thereof, other eligible assets or securities of equivalent or greater value; and
(3) At any reasonable time inspect any such deposit.
Source: SL 1966, ch 111, ch 7, § 10.
Disclaimer: These codes may not be the most recent version. South Dakota may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
