S.D. Codified Laws § 58-7-30

Right of insurer to deposited assets and securities during solvency

Source: SL 1966, ch 111, ch 7, § 10.

While the insurer remains solvent and is in compliance with this title it may:

(1) Demand, receive, sue for, and recover the income from the assets or securities deposited;

(2) Exchange and substitute for the deposited assets or securities, or any part thereof, other eligible assets or securities of equivalent or greater value; and

(3) At any reasonable time inspect any such deposit.

Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.