Chapter
LOANS AND INVESTMENTS OF INSURERS
- S.D. Codified Laws § 58-27-1— Application of chapter
- S.D. Codified Laws § 58-27-2— Eligible investments by insurers--Violation as misdemeanor
- S.D. Codified Laws § 58-27-3— Time of determination of eligibility of investment
- S.D. Codified Laws § 58-27-4— Prior legal investment deemed eligible
- S.D. Codified Laws § 58-27-5— Acquisition of ineligible securities or property--Disposition
- S.D. Codified Laws § 58-27-6— Time of investment limitation based on amount of insurer's admitted assets, risk based capital, or capital and surplus
- S.D. Codified Laws § 58-27-7— Investments required to produce income--Exemptions--Rules
- S.D. Codified Laws § 58-27-8— Security or investment ineligible for purchase or exchange at more than market value
- S.D. Codified Laws § 58-27-9— Obligations of United States or Canada
- S.D. Codified Laws § 58-27-10— Loans guaranteed by United States or Canada
- S.D. Codified Laws § 58-27-11— Obligations of states, provinces, and political subdivisions
- S.D. Codified Laws § 58-27-12— Revenue bonds of states, provinces, and political subdivisions
- S.D. Codified Laws § 58-27-12.1— Maximum investments in bonds, warrants, and evidence of indebtedness
- S.D. Codified Laws § 58-27-13— Obligations or stock of federal agencies
- S.D. Codified Laws § 58-27-14— Certificates of deposit in federally insured banks
- S.D. Codified Laws § 58-27-15— Federally insured savings and loan accounts
- S.D. Codified Laws § 58-27-15.1— Credit Union accounts
- S.D. Codified Laws § 58-27-16— Obligations of international bank and certain development banks for reconstruction and development
- S.D. Codified Laws § 58-27-17— Investments authorized for insurers
- S.D. Codified Laws § 58-27-18— 58-27-18 to 58-27-22. Repealed by SL 1992, ch 350, §§ 14 to 18
- S.D. Codified Laws § 58-27-23— Nonassessable common stock of corporation--Insurance stocks excepted
- S.D. Codified Laws § 58-27-24— Stock of solvent insurers meeting requirements
- S.D. Codified Laws § 58-27-25— Insurer acquiring controlling interest in another stock insurer--Limitation as to amount
- S.D. Codified Laws § 58-27-26— Investments in stock of majority owned subsidiary corporations
- S.D. Codified Laws § 58-27-27— Maximum amount of investments in stock of majority owned subsidiary, or another insurer or wholly owned subsidiary
- S.D. Codified Laws § 58-27-28— Equipment trust obligations or certificates
- S.D. Codified Laws § 58-27-29— Foreign securities--Insurer authorized to do business in foreign country--Limitation as to amount
- S.D. Codified Laws § 58-27-30— Collateral loans--Pledge of securities--Restricted amount
- S.D. Codified Laws § 58-27-31— Policy loans by life insurer--Maximum amount
- S.D. Codified Laws § 58-27-32— Real estate mortgages and deeds of trust
- S.D. Codified Laws § 58-27-33— "Improved real property" defined
- S.D. Codified Laws § 58-27-34— Interests and restrictions not constituting encumbrances upon improved real property
- S.D. Codified Laws § 58-27-35— Deduction of sum owing on real property but not due or delinquent--Reserved rights not included in fair value of property
- S.D. Codified Laws § 58-27-36— Bonds or notes secured by mortgage or trust deed guaranteed by federal housing administration
- S.D. Codified Laws § 58-27-37— Bonds or notes secured by mortgage or trust deed guaranteed by administrator of veterans' affairs
- S.D. Codified Laws § 58-27-38— Equity of seller of real property in contract for deed--Maximum amount of investment
- S.D. Codified Laws § 58-27-39— Evidences of debt secured by mortgage or trust deed upon leasehold estates--Eligibility for investment
- S.D. Codified Laws § 58-27-40— Purchase money mortgage or other securities received by insurer upon sale or exchange of real property
- S.D. Codified Laws § 58-27-41— Maximum loan on security of real property--Misdemeanor
- S.D. Codified Laws § 58-27-42— Real property mortgage loan limited by property value--Loan on leasehold--Additional investment in other assets
- S.D. Codified Laws § 58-27-43— Deduction from loan of amount guaranteed by administrator of veterans' affairs
- S.D. Codified Laws § 58-27-44— Appraisal to determine market value of property
- S.D. Codified Laws § 58-27-45— Loan on or investment in real estate mortgage on security of chattel mortgage--Limited amount
- S.D. Codified Laws § 58-27-46— "Durable equipment" defined
- S.D. Codified Laws § 58-27-47— Acquisition of chattel mortgage--Separate appraisal of included items to determine fair market value--Maximum amount of loan
- S.D. Codified Laws § 58-27-48— Liens on personal property as additional security permitted
- S.D. Codified Laws § 58-27-49— Sale of mortgage loans to federal national mortgage association
- S.D. Codified Laws § 58-27-50— Restrictions on purposes and amount of real estate investments
- S.D. Codified Laws § 58-27-51— Maximum investments in other assets--Exceptions
- S.D. Codified Laws § 58-27-51.1— Additional investment authority--Life and health insurers
- S.D. Codified Laws § 58-27-51.2— Additional investment authority--Property and casualty insurers
- S.D. Codified Laws § 58-27-51.3— Additional investment authority--Valuation of investments
- S.D. Codified Laws § 58-27-52— Limits on categories of investments
- S.D. Codified Laws § 58-27-53— Maximum amount of investments or loans with one person, institution, corporation, or municipal corporation--Exceptions
- S.D. Codified Laws § 58-27-54— Maximum amount of investment in voting stock of corporation--Exceptions
- S.D. Codified Laws § 58-27-55— Maintenance of invested funds--Minimum amount--Guaranteed securities--Real property
- S.D. Codified Laws § 58-27-56— Minimum investments by life insurer
- S.D. Codified Laws § 58-27-57— Maximum amount of investment in certain classes of securities
- S.D. Codified Laws § 58-27-58— Limitations on investments in corporate stock--Exceptions
- S.D. Codified Laws § 58-27-59— 58-27-59. Repealed by SL 1997, ch 294, § 18
- S.D. Codified Laws § 58-27-60— Limits of investments in real estate--Law governing
- S.D. Codified Laws § 58-27-61— Investment or loans on own capital stock
- S.D. Codified Laws § 58-27-62— Loan secured by own stock as collateral
- S.D. Codified Laws § 58-27-63— 58-27-63. Repealed by SL 2000, ch 246
- S.D. Codified Laws § 58-27-64— "Affiliate" defined
- S.D. Codified Laws § 58-27-65— Finding of director that security designed to evade chapter--Investment or loan prohibited
- S.D. Codified Laws § 58-27-66— Pension or profit-sharing trust agreement not prohibited
- S.D. Codified Laws § 58-27-67— Underwriting of securities or property prohibited
- S.D. Codified Laws § 58-27-68— Foreign insurer--Permitted investment portfolio--Domicile of alien insurer
- S.D. Codified Laws § 58-27-69— Authorization of investment or loan by board or committee of insurer
- S.D. Codified Laws § 58-27-70— Disposal of real estate unnecessary for transaction of insurance business--Time limit
- S.D. Codified Laws § 58-27-71— Disposal of real estate acquired in satisfaction of debt, as part payment of consideration on sale of real estate, as gift or devise, or through merger, consolidation, or bulk reinsurance--Time limit
- S.D. Codified Laws § 58-27-72— Extension of time for disposal of real estate--Election to hold as investment for income purposes, acquisition cost
- S.D. Codified Laws § 58-27-73— Immediate disposal of ineligible property or security unlawfully acquired
- S.D. Codified Laws § 58-27-74— Disposal of lawfully acquired ineligible property--Extension of time
- S.D. Codified Laws § 58-27-75— Ineligible personal property or securities not allowable as assets of insurer
- S.D. Codified Laws § 58-27-76— Expiration of period for disposal of ineligible property or securities--Disallowance as admitted asset
- S.D. Codified Laws § 58-27-77— Immediate disposal of ineligible investment unlawfully acquired
- S.D. Codified Laws § 58-27-78— Nominee holding investments--Definitions
- S.D. Codified Laws § 58-27-79— Name in which investments held
- S.D. Codified Laws § 58-27-80— Holding in name of clearing corporation, custodian bank or nominee--Conditions
- S.D. Codified Laws § 58-27-81— Securities lending, repurchase, reverse repurchase and dollar roll transactions--Agreement required
- S.D. Codified Laws § 58-27-82— Participation in federal reserve book-entry system
- S.D. Codified Laws § 58-27-83— Interest in pool of obligations--Fractional interest in an obligation--Requirements
- S.D. Codified Laws § 58-27-84— Evidence of investment required in absence of certificate
- S.D. Codified Laws § 58-27-85— Banking business authorized--Acquisition of banks--Regulation of such banking business
- S.D. Codified Laws § 58-27-86— Approval of banking acquisition required--Considerations in determining--Conditions
- S.D. Codified Laws § 58-27-87— Banking patronage as prerequisite to issuance of insurance policy prohibited
- S.D. Codified Laws § 58-27-88— Limitation on application of Secondary Mortgage Market Enhancement Act to certain investments
- S.D. Codified Laws § 58-27-89— Definition of terms
- S.D. Codified Laws § 58-27-91— Obligations contracted prior to July 1, 1992
- S.D. Codified Laws § 58-27-92— Multiple obligations in same institution
- S.D. Codified Laws § 58-27-93— Written plans for making medium or lower grade obligations--Contents of plan--Deadline
- S.D. Codified Laws § 58-27-94— Limit on amount invested in medium or lower grade obligations
- S.D. Codified Laws § 58-27-95— Restructuring of medium or lower grade obligation already held
- S.D. Codified Laws § 58-27-96— Conflicting provisions
- S.D. Codified Laws § 58-27-97— Excess transactions
- S.D. Codified Laws § 58-27-98— Promulgation of rules
- S.D. Codified Laws § 58-27-99— Application of §§ 58-27-89 to 58-27-102
- S.D. Codified Laws § 58-27-100— Time limit for compliance with §§ 58-27-89 to 58-27-102
- S.D. Codified Laws § 58-27-101— Investment in money market funds
- S.D. Codified Laws § 58-27-102— Investment in company owned life insurance contracts
- S.D. Codified Laws § 58-27-103— Investment in a collateralized pool of mortgages--Requirements--Restrictions
- S.D. Codified Laws § 58-27-104— Investment in a collateralized pool of assets other than mortgages--Requirements
- S.D. Codified Laws § 58-27-105— Foreign investments
- S.D. Codified Laws § 58-27-106— 58-27-106. Repealed by SL 1997, ch 294, § 28
- S.D. Codified Laws § 58-27-107— Ratification of investment
- S.D. Codified Laws § 58-27-108— Rating and valuation of investments--Requirements--Divestment
- S.D. Codified Laws § 58-27-109— "Institution" defined
- S.D. Codified Laws § 58-27-110— Title plans investments
- S.D. Codified Laws § 58-27-111— Joint venture and limited partnership investments