South Dakota Statutes

§ 58-5-111 — Repayment of loan by domestic insurer.

South Dakota·Title 58 INSURANCE·Ch. 58-4A ORGANIZATION AND GENERAL POWERS OF INSURERS
Any loan pursuant to § 58-5-108 or substantial portion thereof shall be repaid by the insurer, upon the director's prior approval, when no longer reasonably necessary for the purpose originally intended.

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South Dakota § 58-5-111 (Repayment of loan by domestic insurer.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

SL 1966, ch 111, ch 16, § 34 (4).

Nearby Sections

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