58-7-6. Authorized deposits of insurers.
87 words·~1 min read·
/sd/title-58/chapter-58-7/58-7-6A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The following deposits of insurers shall be accepted and held, and are subject to the provisions of this chapter:
(1)Deposits required under this title for authority to transact insurance business in this state;
(2)Deposits of domestic insurers if made pursuant to the laws of other states, provinces, and countries as requirement for authority to transact insurance in that state, province, or country;
(3)Deposits of reserves made by domestic insurers;
(4)Deposits in additional amounts as are permitted to be made under § 58-7-29 .