No insurer shall be authorized to transact insurance in this state which does not maintain reserves as required by the chapter of this title relating to assets and liabilities, applicable to the kinds of insurance transacted by such insurer, wherever transacted in the United States.
S.D. Codified Laws § 58-6-7
Eligibility of insurer for certificate of authority--Necessity for maintenance of required reserves
Source: SL 1966, ch 111, ch 3, § 4 (1).
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.