58-27-55. Maintenance of invested funds--Minimum amount--Guaranteed securities--Real property.
61 words·~1 min read·
/sd/title-58/chapter-58-27/58-27-55·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
An insurer, other than title insurer, shall invest and maintain invested funds not less in amount than the minimum paid - in capital stock required under this title of a domestic stock insurer transacting like kinds of insurance, only in cash and the securities provided for under §§ 58-27-9 to 58-27-15 , inclusive, and under §§ 58-27-32 to 58-27-40 , inclusive.