An insurer may spend earnings of the preceding year for educational purposes. A complete and itemized report of such expenditures shall be filed by the insurer as part of its annual report required under § 58-35-54.
S.D. Codified Laws § 58-35-48
Funds expended for educational purposes--Maximum amount--Statement in annual report
Source: SL 1966, ch 111, ch 17, § 24; SL 1993, ch 373.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.