S.D. Codified Laws § 58-7-6

Current through the 2024 Legislative Session

Section 58-7-6 - Authorized deposits of insurers

The following deposits of insurers shall be accepted and held, and are subject to the provisions of this chapter:

(1) Deposits required under this title for authority to transact insurance business in this state;

(2) Deposits of domestic insurers if made pursuant to the laws of other states, provinces, and countries as requirement for authority to transact insurance in that state, province, or country;

(3) Deposits of reserves made by domestic insurers;

(4) Deposits in additional amounts as are permitted to be made under § 58-7-29.

SDCL 58-7-6

SL 1966, ch 111, ch 7, § 2; SL 1991, ch 398, § 3.