An insurer may invest any of its funds in bonds, notes, or other evidences of indebtedness which are secured by first mortgages or deeds of trust on improved unencumbered real property located in the United States.
S.D. Codified Laws § 58-27-32
Real estate mortgages and deeds of trust
Source: SL 1966, ch 111, ch 6, § 24 (1).
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.