South Dakota

58-27-1. Application of chapter.

58-27-2. Eligible investments by insurers--Violation as misdemeanor.

58-27-3. Time of determination of eligibility of investment.

58-27-4. Prior legal investment deemed eligible.

58-27-5. Acquisition of ineligible securities or property--Disposition.

58-27-6. Time of investment limitation based on amount of insurer's admitted assets, risk based capital, or capital and surplus.

58-27-7. Investments required to produce income--Exemptions--Rules.

58-27-8. Security or investment ineligible for purchase or exchange at more than market value.

58-27-9. Obligations of United States or Canada.

58-27-10. Loans guaranteed by United States or Canada.

58-27-11. Obligations of states, provinces, and political subdivisions.

58-27-12. Revenue bonds of states, provinces, and political subdivisions.

58-27-12.1. Maximum investments in bonds, warrants, and evidence of indebtedness.

58-27-13. Obligations or stock of federal agencies.

58-27-14. Certificates of deposit in federally insured banks.

58-27-15. Federally insured savings and loan accounts.

58-27-15.1. Credit Union accounts.

58-27-16. Obligations of international bank and certain development banks for reconstruction and development.

58-27-17. Investments authorized for insurers.

58-27-18. 58-27-18 to 58-27-22. Repealed by SL 1992, ch 350, §§ 14 to 18

58-27-23. Nonassessable common stock of corporation--Insurance stocks excepted.

58-27-24. Stock of solvent insurers meeting requirements.

58-27-25. Insurer acquiring controlling interest in another stock insurer--Limitation as to amount.

58-27-26. Investments in stock of majority owned subsidiary corporations.

58-27-27. Maximum amount of investments in stock of majority owned subsidiary, or another insurer or wholly owned subsidiary.

58-27-28. Equipment trust obligations or certificates.

58-27-29. Foreign securities--Insurer authorized to do business in foreign country--Limitation as to amount.

58-27-30. Collateral loans--Pledge of securities--Restricted amount.

58-27-31. Policy loans by life insurer--Maximum amount.

58-27-32. Real estate mortgages and deeds of trust.

58-27-33. "Improved real property" defined.

58-27-34. Interests and restrictions not constituting encumbrances upon improved real property.

58-27-35. Deduction of sum owing on real property but not due or delinquent--Reserved rights not included in fair value of property.

58-27-36. Bonds or notes secured by mortgage or trust deed guaranteed by federal housing administration.

58-27-37. Bonds or notes secured by mortgage or trust deed guaranteed by administrator of veterans' affairs.

58-27-38. Equity of seller of real property in contract for deed--Maximum amount of investment.

58-27-39. Evidences of debt secured by mortgage or trust deed upon leasehold estates--Eligibility for investment.

58-27-40. Purchase money mortgage or other securities received by insurer upon sale or exchange of real property.

58-27-41. Maximum loan on security of real property--Misdemeanor.

58-27-42. Real property mortgage loan limited by property value--Loan on leasehold--Additional investment in other assets.

58-27-43. Deduction from loan of amount guaranteed by administrator of veterans' affairs.

58-27-44. Appraisal to determine market value of property.

58-27-45. Loan on or investment in real estate mortgage on security of chattel mortgage--Limited amount.

58-27-46. "Durable equipment" defined.

58-27-47. Acquisition of chattel mortgage--Separate appraisal of included items to determine fair market value--Maximum amount of loan.

58-27-48. Liens on personal property as additional security permitted.

58-27-49. Sale of mortgage loans to federal national mortgage association.

58-27-50. Restrictions on purposes and amount of real estate investments.

58-27-51. Maximum investments in other assets--Exceptions.

58-27-51.1. Additional investment authority--Life and health insurers.

58-27-51.2. Additional investment authority--Property and casualty insurers.

58-27-51.3. Additional investment authority--Valuation of investments.

58-27-52. Limits on categories of investments.

58-27-53. Maximum amount of investments or loans with one person, institution, corporation, or municipal corporation--Exceptions.

58-27-54. Maximum amount of investment in voting stock of corporation--Exceptions.

58-27-55. Maintenance of invested funds--Minimum amount--Guaranteed securities--Real property.

58-27-56. Minimum investments by life insurer.

58-27-57. Maximum amount of investment in certain classes of securities.

58-27-58. Limitations on investments in corporate stock--Exceptions.

58-27-59. 58-27-59. Repealed by SL 1997, ch 294, § 18

58-27-60. Limits of investments in real estate--Law governing.

58-27-61. Investment or loans on own capital stock.

58-27-62. Loan secured by own stock as collateral.

58-27-63. 58-27-63. Repealed by SL 2000, ch 246

58-27-64. "Affiliate" defined.

58-27-65. Finding of director that security designed to evade chapter--Investment or loan prohibited.

58-27-66. Pension or profit-sharing trust agreement not prohibited.

58-27-67. Underwriting of securities or property prohibited.

58-27-68. Foreign insurer--Permitted investment portfolio--Domicile of alien insurer.

58-27-69. Authorization of investment or loan by board or committee of insurer.

58-27-70. Disposal of real estate unnecessary for transaction of insurance business--Time limit.

58-27-71. Disposal of real estate acquired in satisfaction of debt, as part payment of consideration on sale of real estate, as gift or devise, or through merger, consolidation, or bulk reinsurance--Time limit.

58-27-72. Extension of time for disposal of real estate--Election to hold as investment for income purposes, acquisition cost.

58-27-73. Immediate disposal of ineligible property or security unlawfully acquired.

58-27-74. Disposal of lawfully acquired ineligible property--Extension of time.

58-27-75. Ineligible personal property or securities not allowable as assets of insurer.

58-27-76. Expiration of period for disposal of ineligible property or securities--Disallowance as admitted asset.

58-27-77. Immediate disposal of ineligible investment unlawfully acquired.

58-27-78. Nominee holding investments--Definitions.

58-27-79. Name in which investments held.

58-27-80. Holding in name of clearing corporation, custodian bank or nominee--Conditions.

58-27-81. Securities lending, repurchase, reverse repurchase and dollar roll transactions--Agreement required.

58-27-82. Participation in federal reserve book-entry system.

58-27-83. Interest in pool of obligations--Fractional interest in an obligation--Requirements.

58-27-84. Evidence of investment required in absence of certificate.

58-27-85. Banking business authorized--Acquisition of banks--Regulation of such banking business.

58-27-86. Approval of banking acquisition required--Considerations in determining--Conditions.

58-27-87. Banking patronage as prerequisite to issuance of insurance policy prohibited.

58-27-88. Limitation on application of Secondary Mortgage Market Enhancement Act to certain investments.

58-27-89. Definition of terms.

58-27-90. Limitations on acquiring medium or lower grade obligations.

58-27-91. Obligations contracted prior to July 1, 1992.

58-27-92. Multiple obligations in same institution.

58-27-93. Written plans for making medium or lower grade obligations--Contents of plan--Deadline.

58-27-94. Limit on amount invested in medium or lower grade obligations.

58-27-95. Restructuring of medium or lower grade obligation already held.

58-27-96. Conflicting provisions.

58-27-97. Excess transactions.

58-27-98. Promulgation of rules.

58-27-99. Application of §§ 58-27-89 to 58-27-102.

58-27-100. Time limit for compliance with §§ 58-27-89 to 58-27-102.

58-27-101. Investment in money market funds.

58-27-102. Investment in company owned life insurance contracts.

58-27-103. Investment in a collateralized pool of mortgages--Requirements--Restrictions.

58-27-104. Investment in a collateralized pool of assets other than mortgages--Requirements.

58-27-105. Foreign investments.

58-27-106. 58-27-106. Repealed by SL 1997, ch 294, § 28

58-27-107. Ratification of investment.

58-27-108. Rating and valuation of investments--Requirements--Divestment.

58-27-109. "Institution" defined.

58-27-110. Title plans investments.

58-27-111. Joint venture and limited partnership investments.