An insurer, other than title insurer, shall invest and maintain invested funds not less in amount than the minimum paid-in capital stock required under this title of a domestic stock insurer transacting like kinds of insurance, only in cash and the securities provided for under §§ 58-27-9 to 58-27-15, inclusive, and under §§ 58-27-32 to 58-27-40, inclusive.
S.D. Codified Laws § 58-27-55
Maintenance of invested funds--Minimum amount--Guaranteed securities--Real property
Source: SL 1966, ch 111, ch 6, § 5 (3).
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.