South Dakota § 5-14-39 Property and casualty captive insurance company fund established.

South Dakota Statutes

§ 5-14-39 — Property and casualty captive insurance company fund established.

South Dakota § 5-14-39

Title 5PUBLIC PROPERTY, PURCHASES AND CONTRACTS

Ch. 5-13PUBLIC BUILDINGS AND IMPROVEMENTS

This text of South Dakota § 5-14-39 (Property and casualty captive insurance company fund established.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.D. Codified Laws § 5-14-39 (2026).

Text

There is hereby established in the state treasury the property and casualty captive insurance company fund. The Bureau of Human Resources and Administration may enter into an agreement with a captive insurance company for the management of the company's funds. Money in this fund may be used to pay for property and casualty losses for state owned property as well as administrative and reinsurance costs for this fund. Interest earned on money in the fund shall be deposited into the fund. Unexpended money and any interest that may be credited to the fund shall remain in the fund. Any money in the property and casualty captive insurance company fund is continuously appropriated. Any money deposited into and distributed from the fund shall be set forth in an informational budget as described in

Free access — add to your briefcase to read the full text and ask questions with AI

There is hereby established in the state treasury the property and casualty captive insurance company fund. The Bureau of Human Resources and Administration may enter into an agreement with a captive insurance company for the management of the company's funds. Money in this fund may be used to pay for property and casualty losses for state owned property as well as administrative and reinsurance costs for this fund. Interest earned on money in the fund shall be deposited into the fund. Unexpended money and any interest that may be credited to the fund shall remain in the fund. Any money in the property and casualty captive insurance company fund is continuously appropriated. Any money deposited into and distributed from the fund shall be set forth in an informational budget as described in § 4-7-7.2 .