A life insurer shall also invest and keep invested its funds in amount not less than the reserves under its life insurance policies and annuity contracts in force, in cash or investments provided for under this chapter.
S.D. Codified Laws § 58-27-56
Minimum investments by life insurer
Source: SL 1966, ch 111, ch 6, § 5 (4).
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.