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

58-7-30. Right of insurer to deposited assets and securities during solvency.

63 words·~1 min read·/sd/title-58/chapter-58-7/58-7-30

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

While the insurer remains solvent and is in compliance with this title it may:
(1)Demand, receive, sue for, and recover the income from the assets or securities deposited;
(2)Exchange and substitute for the deposited assets or securities, or any part thereof, other eligible assets or securities of equivalent or greater value; and
(3)At any reasonable time inspect any such deposit.
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