Capital and surplus requirements of § 58-6-23 are based upon all kinds of insurance transacted by the insurer in any and all areas in which it operates or proposes to operate, whether or not only a portion of such kinds are to be transacted in this state.
S.D. Codified Laws § 58-6-24
Determination of capital and surplus requirements for certificate of authority
Source: SL 1966, ch 111, ch 3, § 10 (2).
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.