An insurer may invest in obligations issued, assumed, or guaranteed by the International Bank for Reconstruction and Development, by the African Development Bank, or other development banks as approved by and reflected in the securities valuation manual of the National Association of Insurance Commissioners.
S.D. Codified Laws § 58-27-16
Obligations of international bank and certain development banks for reconstruction and development
Source: SL 1966, ch 111, ch 6, § 11; SL 1989, ch 435.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.