State Codes and Statutes

Statutes > South-dakota > Title-58 > Chapter-05 > Statute-58-5-115

58-5-115. Curing impairment of capital or surplus. The deficiency may be cured by cash or assets eligible under chapter 58-27; or by amendment of the insurer's certificate of authority to cover only such kind or kinds of insurance thereafter for which such insurer has sufficient basic paid-in capital or minimum basic surplus under this title.

Source: SL 1966, ch 111, ch 16, § 35 (2).

State Codes and Statutes

Statutes > South-dakota > Title-58 > Chapter-05 > Statute-58-5-115

58-5-115. Curing impairment of capital or surplus. The deficiency may be cured by cash or assets eligible under chapter 58-27; or by amendment of the insurer's certificate of authority to cover only such kind or kinds of insurance thereafter for which such insurer has sufficient basic paid-in capital or minimum basic surplus under this title.

Source: SL 1966, ch 111, ch 16, § 35 (2).


State Codes and Statutes

State Codes and Statutes

Statutes > South-dakota > Title-58 > Chapter-05 > Statute-58-5-115

58-5-115. Curing impairment of capital or surplus. The deficiency may be cured by cash or assets eligible under chapter 58-27; or by amendment of the insurer's certificate of authority to cover only such kind or kinds of insurance thereafter for which such insurer has sufficient basic paid-in capital or minimum basic surplus under this title.

Source: SL 1966, ch 111, ch 16, § 35 (2).