South Dakota Statutes
§ 58-27-55 — Maintenance of invested funds--Minimum amount--Guaranteed securities--Real property.
An insurer, other than title insurer, shall invest and maintain invested funds not less in amount than the minimum paid - in capital stock required under this title of a domestic stock insurer transacting like kinds of insurance, only in cash and the securities provided for under §§ 58-27-9 to 58-27-15 , inclusive, and under §§ 58-27-32 to 58-27-40 , inclusive.
Free access — add to your briefcase to read the full text and ask questions with AI
South Dakota § 58-27-55 (Maintenance of invested funds--Minimum amount--Guaranteed securities--Real property.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 1966, ch 111, ch 6, § 5 (3).
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Repealed by SL 2012, ch 252, § 30.§ 58-1-2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.