58-27-29. Foreign securities--Insurer authorized to do business in foreign country--Limitation as to amount.
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/sd/title-58/chapter-58-27/58-27-29·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
An insurer authorized to transact insurance in a foreign country may make investments, in aggregate amount not exceeding its deposit and obligations incurred in such country, in securities of or in such country possessing characteristics and of a quality similar to like investments required pursuant to this chapter for investments in the United States of America. Canadian securities eligible for investment under other provisions of this chapter are not subject to this section.