S.D. Codified Laws § 58-7-30

Current through the 2024 Legislative Session

Section 58-7-30 - Right of insurer to deposited assets and securities during solvency

While the insurer remains solvent and is in compliance with this title it may:

(1) Demand, receive, sue for, and recover the income from the assets or securities deposited;

(2) Exchange and substitute for the deposited assets or securities, or any part thereof, other eligible assets or securities of equivalent or greater value; and

(3) At any reasonable time inspect any such deposit.

SDCL 58-7-30

SL 1966, ch 111, ch 7, § 10.