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

58-7-8. Certificates of deposit--Eligible securities--Purpose of deposits.

70 words·~1 min read·/sd/title-58/chapter-58-7/58-7-8

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All such deposits required under §§ 58-6-33 to 58-6-35 , inclusive, for authority to transact insurance in this state shall consist of certificates of deposit, or any combination of securities of the kinds described in §§ 58-27-9 , 58-27-11 , 58-27-12 , 58-27-14 , and 58-27-15 . Deposits made in this state under §§ 58-6-33 to 58-6-35 , inclusive, shall be held for the purpose stated in § 58-6-34 .
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