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2019 South Dakota Codified Laws
Title 58 - Insurance
Chapter 05 - Organization And General Powers Of Insurers
§ 58-5-158 Subsidiary investment to be counted as admitted asset.
Universal Citation: SD Codified L § 58-5-158 (2019)
58-5-158. Subsidiary investment to be counted as admitted asset. Notwithstanding § 58-4-43 or any other provision of Title 58, a qualified education loan insurer's subsidiary investment permitted under § 58-5-157 shall be counted fully as an admitted asset on the qualified education loan insurer's balance sheet and may not be disregarded as an admitted asset by the director of the Division of Insurance in enforcing the provisions of §§ 58-4-39 to 58-4-43, inclusive, and chapter 58-29B, and any rule promulgated to implement such provisions.
Source: SL 1998, ch 287, § 5.
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