State Codes and Statutes

Statutes > South-dakota > Title-58 > Chapter-27 > Statute-58-27-55

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.

Source: SL 1966, ch 111, ch 6, § 5 (3).

State Codes and Statutes

Statutes > South-dakota > Title-58 > Chapter-27 > Statute-58-27-55

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.

Source: SL 1966, ch 111, ch 6, § 5 (3).