S.D. Codified Laws § 58-14-16.9
Current through the 2024 Legislative Session
In order for a domestic ceding insurer to qualify for full financial statement credit for reinsurance ceded to a certified reinsurer, the certified reinsurer shall maintain security in a form acceptable to the director and consistent with § 58-14-16, or in a multibeneficiary trust in accordance with § 58-14-11, except as otherwise provided in §§ 58-14-16.8 to 58-14-16.13, inclusive.
SDCL 58-14-16.9