Insurers shall invest in or lend their funds on the security of, and shall hold as invested assets, only eligible investments as prescribed in this chapter. Violation of this section is a Class 2 misdemeanor.
S.D. Codified Laws § 58-27-2
Eligible investments by insurers--Violation as misdemeanor
Source: SL 1966, ch 111, ch 6, § 2 (1); SL 1978, ch 359, § 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.