58-35-48. Funds expended for educational purposes--Maximum amount--Statement in annual report.
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/sd/title-58/chapter-58-35/58-35-48A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
An insurer may spend earnings of the preceding year for educational purposes. A complete and itemized report of such expenditures shall be filed by the insurer as part of its annual report required under § 58-35-54 .