South Dakota Statutes

§ 58-7-31 — Levy upon deposited assets and securities.

South Dakota·Title 58 INSURANCE·Ch. 58-5C INSURERS' DEPOSITS WITH STATE
No judgment creditor or other claimant of an insurer shall have the right to levy or to proceed by any remedies, provisional or otherwise, upon any of the assets or securities of the insurer held on deposit in this state. As to deposits pursuant to the retaliatory law, §§ 58-6-70 to 58-6-73 , inclusive, levy thereupon shall be permitted if so provided in the director's order under which the deposit is made.

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Legislative History

SL 1966, ch 111, ch 7, § 12.

Nearby Sections

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