2013 South Dakota Codified Laws
Title 58 - INSURANCE
Chapter 27 - Loans And Investments Of Insurers
§ 58-27-55 Maintenance of invested funds--Minimum amount--Guaranteed securities--Realproperty.
58-27-55. Maintenance of invested funds--Minimum amount--Guaranteed securities--Real property. An insurer, other than title insurer, shall invest and maintain invested funds not less in amount than the minimum paid-in capital stock required under this title of a domestic stock insurer transacting like kinds of insurance, only in cash and the securities provided for under §§ 58-27-9 to 58-27-15, inclusive, and under §§ 58-27-32 to 58-27-40, inclusive.
Source: SL 1966, ch 111, ch 6, § 5 (3).
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.
