Annually on or before April first, the insurer shall deposit any additional securities required under § 58-7-1 and related to the increase of such reserves during the calendar year next preceding as determined from the insurer's annual statement as of December thirty-first of such preceding year.
S.D. Codified Laws § 58-7-4
Annual deposit of additional securities to cover increase of reserves
Source: SL 1966, ch 111, ch 7, § 1 (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.