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Code · South Dakota · Title 58 · Chapter 58-7

58-7-10. Deposits of reserves of domestic life insurer--Assets comprising--Holding for common benefit of policyholders and annuity contracts.

49 words·~1 min read·/sd/title-58/chapter-58-7/58-7-10

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

Deposits of the reserves of a domestic life insurer shall consist of securities and assets permitted for investment by chapter 58-27 . Deposits of reserves made by domestic life insurers shall be held for the common benefit of all the holders of its life insurance policies and annuity contracts.
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