Section 58-7-33 - Duration of deposit of assets and securities. - South-dakota Statutes

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Statutes > South-dakota > Title-58 > Chapter-07 > Statute-58-7-33

58-7-33. Duration of deposit of assets and securities. Every deposit made in this state by an insurer pursuant to this title, including assets and securities held in another state under custodial arrangements permitted by § 58-7-19, shall be held as long as there is outstanding any liability of the insurer as to which the deposit was so required; or if a deposit required under the retaliatory law, §§ 58-6-70 to 58-6-73, inclusive, the deposit shall be held for so long as the basis of such retaliation exists.

Source: SL 1966, ch 111, ch 7, § 14 (1).

State Codes and Statutes

Statutes > South-dakota > Title-58 > Chapter-07 > Statute-58-7-33

58-7-33. Duration of deposit of assets and securities. Every deposit made in this state by an insurer pursuant to this title, including assets and securities held in another state under custodial arrangements permitted by § 58-7-19, shall be held as long as there is outstanding any liability of the insurer as to which the deposit was so required; or if a deposit required under the retaliatory law, §§ 58-6-70 to 58-6-73, inclusive, the deposit shall be held for so long as the basis of such retaliation exists.

Source: SL 1966, ch 111, ch 7, § 14 (1).

State Codes and Statutes

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State Codes and Statutes

Statutes > South-dakota > Title-58 > Chapter-07 > Statute-58-7-33

58-7-33. Duration of deposit of assets and securities. Every deposit made in this state by an insurer pursuant to this title, including assets and securities held in another state under custodial arrangements permitted by § 58-7-19, shall be held as long as there is outstanding any liability of the insurer as to which the deposit was so required; or if a deposit required under the retaliatory law, §§ 58-6-70 to 58-6-73, inclusive, the deposit shall be held for so long as the basis of such retaliation exists.

Source: SL 1966, ch 111, ch 7, § 14 (1).