The insurer's investments in the stock of its majority owned subsidiary insurance corporation under § 58-27-26, together with its investments in insurance stocks under § 58-27-25, may not at any time exceed the amount of the investing insurer's surplus, if a life insurer, or its surplus to policyholders if other than a life insurer. Any investment in a noninsurance majority owned corporation under § 58-27-26 is subject to the limitations under § 58-5A-73.
S.D. Codified Laws § 58-27-27
Maximum amount of investments in stock of majority owned subsidiary, or another insurer or wholly owned subsidiary
Source: SL 1966, ch 111, ch 6, § 16; SL 1969, ch 130; SL 1994, ch 385.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.