58-7-4. Annual deposit of additional securities to cover increase of reserves.
48 words·~1 min read·
/sd/title-58/chapter-58-7/58-7-4·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Annually on or before April first, the insurer shall deposit any additional securities required under § 58-7-1 and related to the increase of such reserves during the calendar year next preceding as determined from the insurer's annual statement as of December thirty - first of such preceding year.