South Dakota Statutes
§ 58-27-27 — Maximum amount of investments in stock of majority owned subsidiary, or another insurer or wholly owned subsidiary.
The insurer's investments in the stock of its majority owned subsidiary insurance corporation under § 58-27-26 , together with its investments in insurance stocks under § 58-27-25 , may not at any time exceed the amount of the investing insurer's surplus, if a life insurer, or its surplus to policyholders if other than a life insurer. Any investment in a noninsurance majority owned corporation under § 58-27-26 is subject to the limitations under § 58-5A-73 .
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South Dakota § 58-27-27 (Maximum amount of investments in stock of majority owned subsidiary, or another insurer or wholly owned subsidiary.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 1966, ch 111, ch 6, § 16; SL 1969, ch 130; SL 1994, ch 385.
Nearby Sections
15
§ 58-1-1
Citation of title.§ 58-1-11
General saving clause.§ 58-1-13
Severability of provisions.§ 58-1-14
Notice of nonrenewal of policy must be mailed sixty days prior to renewal date--Exceptions.§ 58-1-14.1
Notice of refusal to renew--Thirty§ 58-1-16.1
Applicability of §§ 58-1-18
Repealed by SL 2012, ch 252, § 30.§ 58-1-2
Definition of terms.