Statutes, codes, and regulations
South Dakota Codified Laws
Title 58 - INSURANCE
Chapter 6 - AUTHORITY TO TRANSACT INSURANCE IN STATE
Section 58-6-7 - Eligibility of insurer for certificate of authority-Necessity for maintenance of required reserves

S.D. Codified Laws § 58-6-7

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Current through the 2024 Legislative Session
Section 58-6-7 - Eligibility of insurer for certificate of authority-Necessity for maintenance of required reserves

No insurer shall be authorized to transact insurance in this state which does not maintain reserves as required by the chapter of this title relating to assets and liabilities, applicable to the kinds of insurance transacted by such insurer, wherever transacted in the United States.

SDCL 58-6-7

SL 1966, ch 111, ch 3, § 4 (1).