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2019 South Dakota Codified Laws
Title 58 - Insurance
Chapter 46 - Captive Insurance Companies
§ 58-46-21 Ceding or taking credit for reserves.
Universal Citation: SD Codified L § 58-46-21 (2019)
58-46-21. Ceding or taking credit for reserves. Any captive insurance company may take credit for reserves on risks or portions of risks ceded to reinsurers complying with provisions of chapter 58-14 or 58-46. Prior approval of the director shall be required for ceding or taking credit for reserves on risks or portions of risks ceded to reinsurers not complying with chapter 58-14 or 58-46.
Source: SL 1996, ch 287, § 21; SL 2013, ch 257, § 18.
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