State Codes and Statutes

Statutes > South-dakota > Title-58 > Chapter-14 > Statute-58-14-20

58-14-20. Disallowal of credit or deduction. The director may not allow a credit or deduction to the ceding insurer if the director determines the quality, quantity, or diversity of investments in the trust account of a reinsurer or the surplus to policyholders of the reinsurer is hazardous to a ceding insurer or policyholders.

Source: SL 1992, ch 344, § 18.

State Codes and Statutes

Statutes > South-dakota > Title-58 > Chapter-14 > Statute-58-14-20

58-14-20. Disallowal of credit or deduction. The director may not allow a credit or deduction to the ceding insurer if the director determines the quality, quantity, or diversity of investments in the trust account of a reinsurer or the surplus to policyholders of the reinsurer is hazardous to a ceding insurer or policyholders.

Source: SL 1992, ch 344, § 18.