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2019 South Dakota Codified Laws
Title 58 - Insurance
Chapter 46 - Captive Insurance Companies
§ 58-46-19 Allowable investments--Restrictions.
Universal Citation: SD Codified L § 58-46-19 (2019)
58-46-19. Allowable investments--Restrictions. No pure, agency, or trust captive insurance company is subject to any restrictions on allowable investments. However, the director may prohibit or limit any investment that threatens the solvency or liquidity of any such company.
Unless the director has provided written approval of a different requirement or limitation, group, sponsored and special purpose captive insurance companies shall comply with the investment requirements and limitations applicable to other insurance companies pursuant to chapter 58-27.
Source: SL 1996, ch 287, § 19; SL 2009, ch 272, § 9; SL 2013, ch 257, § 16; SL 2015, ch 257, § 5.
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