South Dakota § 58-5-94 Assets of domestic insurer to be maintained in state--Exceptions.

South Dakota Statutes

§ 58-5-94 — Assets of domestic insurer to be maintained in state--Exceptions.

South Dakota § 58-5-94

Title 58INSURANCE

Ch. 58-4AORGANIZATION AND GENERAL POWERS OF INSURERS

This text of South Dakota § 58-5-94 (Assets of domestic insurer to be maintained in state--Exceptions.) 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 § 58-5-94 (2026).

Text

Every domestic insurer shall have and maintain its assets in this state, except as to:

(1)Real property and personal property appurtenant thereto lawfully owned by the insurer and located outside this state; and (2) Such property of the insurer as may be customary, necessary, and convenient to enable and facilitate the operation of its branch offices and "regional home offices" located outside this state as referred to in § 58-5-97 .

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Every domestic insurer shall have and maintain its assets in this state, except as to: (1) Real property and personal property appurtenant thereto lawfully owned by the insurer and located outside this state; and (2) Such property of the insurer as may be customary, necessary, and convenient to enable and facilitate the operation of its branch offices and "regional home offices" located outside this state as referred to in § 58-5-97 .