South Dakota Statutes

§ 58-26-12 — Assets allowed as deductions from corresponding liabilities.

South Dakota·Title 58 INSURANCE·Ch. 58-26 VALUATION OF ASSETS, LIABILITIES AND RESERVES
Assets may be allowed as deductions from corresponding liabilities, and liabilities may be charged as deductions from assets, and deductions from assets may be charged as liabilities, in accordance with the form of annual statement applicable to the insurer as prescribed by the director, or otherwise in his discretion.

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Legislative History

SL 1966, ch 111, ch 5, § 2.

Nearby Sections

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