58-27-27. Maximum amount of investments in stock of majority owned subsidiary, or another insurer or wholly owned subsidiary.
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/sd/title-58/chapter-58-27/58-27-27·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The insurer's investments in the stock of its majority owned subsidiary insurance corporation under § 58-27-26 , together with its investments in insurance stocks under § 58-27-25 , may not at any time exceed the amount of the investing insurer's surplus, if a life insurer, or its surplus to policyholders if other than a life insurer. Any investment in a noninsurance majority owned corporation under § 58-27-26 is subject to the limitations under § 58-5A-73 .