58-14-16.1. Credit allowed for reinsurance ceded to certified reinsurer.
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/sd/title-58/chapter-58-14/58-14-16-1·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 that has been certified by the director as a reinsurer in this state and secures the assuming insurer's obligations in accordance with the requirements of §§ 58-14-16.2 to 58-14-16.15 , inclusive.