Deposits of foreign insurers or deposits of alien insurers under subdivision 58-6-34(2) in another state shall be in cash or securities of a quality comparable to those eligible for deposit in this state by domestic insurers.
S.D. Codified Laws § 58-6-35
Deposits of foreign or alien insurers in another state--Quality of cash or securities
Source: SL 1966, ch 111, ch 3, § 13 (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.