S.D. Codified Laws § 58-7-4

Current through the 2024 Legislative Session

Section 58-7-4 - Annual deposit of additional securities to cover increase of reserves

Annually on or before April first, the insurer shall deposit any additional securities required under § 58-7-1 and related to the increase of such reserves during the calendar year next preceding as determined from the insurer's annual statement as of December thirty-first of such preceding year.

SDCL 58-7-4

SL 1966, ch 111, ch 7, § 1 (2).