An insurer may invest in certificates of deposit in any bank that is a member of the federal deposit insurance corporation.
S.D. Codified Laws § 58-27-14
Certificates of deposit in federally insured banks
Source: SL 1966, ch 111, ch 6, § 18; SL 1971, ch 265, § 1; SL 1974, ch 316.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.