S.D. Codified Laws § 58-14-16.11
Current through the 2024 Legislative Session
The minimum trusteed surplus requirements are not applicable with respect to a multibeneficiary trust maintained by a certified reinsurer for the purpose of securing obligations incurred under §§ 58-14-16.8 to 58-14-16.13, inclusive, except that the trust shall maintain a minimum trusteed surplus of ten million dollars.
SDCL 58-14-16.11