58-14-16.11. Minimum trusteed surplus requirements.
47 words·~1 min read·
/sd/title-58/chapter-58-14/58-14-16-11·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The minimum trusteed surplus requirements are not applicable with respect to a multibeneficiary trust maintained by a certified reinsurer for the purpose of securing obligations incurred under §§ 58-14-16.8 to 58-14-16.13 , inclusive, except that the trust shall maintain a minimum trusteed surplus of ten million dollars.