South Dakota Statutes
§ 58-5-94 — Assets of domestic insurer to be maintained in state--Exceptions.
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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South Dakota § 58-5-94 (Assets of domestic insurer to be maintained in state--Exceptions.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 1966, ch 111, ch 16, § 24 (2).
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Repealed by SL 2012, ch 252, § 30.§ 58-1-2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.