S.D. Codified Laws § 58-27-51

Current through the 2024 Legislative Session

Section 58-27-51 - Maximum investments in other assets-Exceptions

Notwithstanding the aggregate limitations set forth in chapter 58-27, an insurer may exceed such limitations if it does not invest, in the aggregate, an amount in excess of fifty percent of its capital and surplus in excess of four hundred thousand dollars, if such investment otherwise complies with chapter 58-27. The provisions of this section do not apply to the exceptions set forth in § 58-27-53 or 58-27-57.

SDCL 58-27-51

SL 1966, ch 111, ch 6, § 23; SL 1974, ch 317; SL 1983, ch 376, § 5; SL 1985, ch 390; SL 1997, ch 294, § 10; SL 2000, ch 245, §2; SL 2001, ch 284, §2.