There is a newer version
of
this Section
2019 South Dakota Codified Laws
Title 58 - Insurance
Chapter 46 - Captive Insurance Companies
§ 58-46-30 Combination of assets of protected cells for purposes of investment.
Universal Citation: SD Codified L § 58-46-30 (2019)
58-46-30. Combination of assets of protected cells for purposes of investment. Notwithstanding the provisions of § 58-46-27, a sponsored captive insurance company may combine the assets of two or more protected cells for purposes of investing those assets. Such a combination of assets may not be construed as defeating the segregation of assets for purposes of § 58-46-27, or for accounting or other purposes. A sponsored captive insurance company shall comply with investment requirements as may be approved by the director upon application by a sponsored captive insurance company.
Source: SL 2013, ch 257, § 26.
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.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
