South Dakota Statutes
§ 58-27-7 — Investments required to produce income--Exemptions--Rules.
No security or investment, other than real and personal property acquired under § 58-27-50 ; common shares of solvent institutions acquired under § 58-27-23 , 58-27-25 , 58-27-26 , or 58-27-51 ; investments acquired under § 58-27-103 , 58-27-104 , or 58-27-111 ; and mutual funds acquired under subdivision 58-27-17(4) that invest less than ninety percent in bonds, is eligible for acquisition unless it is interest - bearing or interest - accruing or dividend - or income - paying, and the insurer is entitled to receive for its exclusive account and benefit the interest or income accruing thereon. The director of the Division of Insurance may promulgate rules regarding the acquisition of over - the - counter and exchange listed options and financial futures, including the exemption of these se
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South Dakota § 58-27-7 (Investments required to produce income--Exemptions--Rules.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 1966, ch 111, ch 6, § 3 (1); SL 1972, ch 264; SL 1983, ch 376, § 2; SL 1997, ch 294, § 4.
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Repealed by SL 2012, ch 252, § 30.§ 58-1-2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.