S.D. Codified Laws § 58-27-55

Current through the 2024 Legislative Session
Section 58-27-55 - Maintenance of invested funds-Minimum amount-Guaranteed securities-Real property

An insurer, other than title insurer, shall invest and maintain invested funds not less in amount than the minimum paid-in capital stock required under this title of a domestic stock insurer transacting like kinds of insurance, only in cash and the securities provided for under §§ 58-27-9 to 58-27-15, inclusive, and under §§ 58-27-32 to 58-27-40, inclusive.

SDCL 58-27-55

SL 1966, ch 111, ch 6, § 5 (3).