South Dakota Statutes

§ 58-7-8 — Certificates of deposit--Eligible securities--Purpose of deposits.

South Dakota § 58-7-8
JurisdictionSouth Dakota
Title 58INSURANCE
Ch. 58-5CINSURERS' DEPOSITS WITH STATE

This text of South Dakota § 58-7-8 (Certificates of deposit--Eligible securities--Purpose of deposits.) 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 § 58-7-8 (2026).

Text

All such deposits required under §§ 58-6-33 to 58-6-35 , inclusive, for authority to transact insurance in this state shall consist of certificates of deposit, or any combination of securities of the kinds described in §§ 58-27-9 , 58-27-11 , 58-27-12 , 58-27-14 , and 58-27-15 . Deposits made in this state under §§ 58-6-33 to 58-6-35 , inclusive, shall be held for the purpose stated in § 58-6-34 .

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Legislative History

SL 1966, ch 111, ch 7, §§ 3 (1), 4 (1).

Nearby Sections

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Bluebook (online)
South Dakota § 58-7-8, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/58-7-8.