58-27-2. Eligible investments by insurers--Violation as misdemeanor.
35 words·~1 min read·
/sd/title-58/chapter-58-27/58-27-2A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Insurers shall invest in or lend their funds on the security of, and shall hold as invested assets, only eligible investments as prescribed in this chapter. Violation of this section is a Class 2 misdemeanor.