S.D. Admin. R. 20:06:31:04.06
Current through Register Vol. 50, page 159, June 17, 2024
Trust assets may be invested in obligations issued, assumed or guaranteed by a solvent non U.S. institution chartered in a country that is a member of the Organization for Economic Cooperation and Development or obligations of U.S. corporations issued in a non-U.S. currency, provided that in either case the obligations are rated A or higher, or the equivalent, by a rating agency recognized by the Securities Valuation Office of the National Association of Insurance Commissioners.
S.D. Admin. R. 20:06:31:04.06
General Authority: SDCL 58-14-17.
Law Implemented: SDCL 58-14-11, 58-14-13, 58-14-17, 58-14-20.