58-14-16.8. Obligations assumed from United States ceding insurers to be secured consistent with rating.
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/sd/title-58/chapter-58-14/58-14-16-8·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A certified reinsurer shall secure obligations assumed from United States ceding insurers under §§ 58-14-16.9 to 58-14-16.13 , inclusive, at a level consistent with the certified reinsurer's rating. The director may promulgate rules, pursuant to chapter 1-26 , to establish standards under §§ 58-14-16.9 to 58-14-16.13 , inclusive.