58-14-14. Reinsurance credit for certain insurers limited to risks in foreign or alien jurisdictions.
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/sd/title-58/chapter-58-14/58-14-14·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Credit shall be allowed if the reinsurance is ceded to an assuming insurer not meeting the requirements of § 58-14-8 , 58-14-9 , 58-14-10 , 58-14-11 , or 58-14-16.1 but only with respect to the insurance of risks located in foreign or alien jurisdictions where the reinsurance is required by applicable law or regulation of that jurisdiction.