Credit shall be allowed if the reinsurance is ceded to an assuming insurer that has been certified by the director as a reinsurer in this state and secures the assuming insurer's obligations in accordance with the requirements of §§ 58-14-16.2 to 58-14-16.15, inclusive.
S.D. Codified Laws § 58-14-16.1
Credit allowed for reinsurance ceded to certified reinsurer
Source: SL 2017, ch 211, § 12.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.