South Dakota Statutes
§ 58-27-51 — Maximum investments in other assets--Exceptions.
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 .
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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.
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Repealed by SL 2012, ch 252, § 30.§ 58-1-2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.