South Dakota § 58-27-51 Maximum investments in other assets--Exceptions.

South Dakota Statutes

§ 58-27-51 — Maximum investments in other assets--Exceptions.

South Dakota § 58-27-51

Title 58INSURANCE

Ch. 58-27LOANS AND INVESTMENTS OF INSURERS

This text of South Dakota § 58-27-51 (Maximum investments in other assets--Exceptions.) 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 § 58-27-51 (2026).

Text

Notwithstanding the aggregate limitations set forth in chapter 58-27 , an insurer may exceed such limitations if it does not invest, in the aggregate, an amount in excess of fifty percent of its capital and surplus in excess of four hundred thousand dollars, if such investment otherwise complies with chapter 58-27 . The provisions of this section do not apply to the exceptions set forth in § 58-27-53 or 58-27-57 .

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

Notwithstanding the aggregate limitations set forth in chapter 58-27 , an insurer may exceed such limitations if it does not invest, in the aggregate, an amount in excess of fifty percent of its capital and surplus in excess of four hundred thousand dollars, if such investment otherwise complies with chapter 58-27 . The provisions of this section do not apply to the exceptions set forth in § 58-27-53 or 58-27-57 .

Legislative History

SL 1966, ch 111, ch 6, § 23; SL 1974, ch 317; SL 1983, ch 376, § 5; SL 1985, ch 390; SL 1997, ch 294, § 10; SL 2000, ch 245, § 2; SL 2001, ch 284, § 2.