58-46-30. Combination of assets of protected cells for purposes of investment.
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/sd/title-58/chapter-58-46/58-46-30·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Notwithstanding the provisions of § 58-46-27 , a sponsored captive insurance company may combine the assets of two or more protected cells for purposes of investing those assets. Such a combination of assets may not be construed as defeating the segregation of assets for purposes of § 58-46-27 , or for accounting or other purposes. A sponsored captive insurance company shall comply with investment requirements as may be approved by the director upon application by a sponsored captive insurance company.