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2019 South Dakota Codified Laws
Title 58 - Insurance
Chapter 06 - Authority To Transact Insurance In State
§ 58-6-7 Eligibility of insurer for certificate of authority--Necessity for maintenance of required reserves.
Universal Citation: SD Codified L § 58-6-7 (2019)
58-6-7. Eligibility of insurer for certificate of authority--Necessity for maintenance of required reserves. No insurer shall be authorized to transact insurance in this state which does not maintain reserves as required by the chapter of this title relating to assets and liabilities, applicable to the kinds of insurance transacted by such insurer, wherever transacted in the United States.
Source: SL 1966, ch 111, ch 3, ยง 4 (1).
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