An insurer may invest in the stocks of other solvent insurers formed under the laws of this or another state, which stocks meet the applicable requirements of subdivision 58-27-17(5) and § 58-27-23.
S.D. Codified Laws § 58-27-24
Stock of solvent insurers meeting requirements
Source: SL 1966, ch 111, ch 6, § 15 (1); SL 1992, ch 350, § 19.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.