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Code · South Dakota · Title 58 · Chapter 58-46

58-46-21. Ceding or taking credit for reserves.

59 words·~1 min read·/sd/title-58/chapter-58-46/58-46-21·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Any captive insurance company may take credit for reserves on risks or portions of risks ceded to reinsurers complying with provisions of chapter 58-14 or 58-46 . Prior approval of the director shall be required for ceding or taking credit for reserves on risks or portions of risks ceded to reinsurers not complying with chapter 58-14 or 58-46 .
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