Credit shall be allowed if the reinsurance is ceded to an assuming insurer which is licensed to transact insurance or reinsurance in this state.
S.D. Codified Laws § 58-14-8
Credit allowed for reinsurance if assuming insurer licensed in state
Source: SL 1992, ch 344, § 2.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.