South Dakota Statutes

§ 58-27-68 — Foreign insurer--Permitted investment portfolio--Domicile of alien insurer.

South Dakota § 58-27-68
JurisdictionSouth Dakota
Title 58INSURANCE
Ch. 58-27LOANS AND INVESTMENTS OF INSURERS

This text of South Dakota § 58-27-68 (Foreign insurer--Permitted investment portfolio--Domicile of alien insurer.) 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 § 58-27-68 (2026).

Text

The investment portfolio of a foreign insurer shall be as permitted by the laws of its domicile but shall be of a quality substantially as high as that required under this chapter for similar funds of like domestic insurers. For the purposes of this provision, the domicile of an alien insurer, other than a life insurer formed under the laws of Canada, shall be deemed to be that state in which it maintains its principal deposit.

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Legislative History

SL 1966, ch 111, ch 6, § 35.

Nearby Sections

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Bluebook (online)
South Dakota § 58-27-68, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/58-27-68.