South Dakota Codified Laws 58-14-20. Disallowal of credit or deduction
Current as of: 2023 | Check for updates
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The director may not allow a credit or deduction to the ceding insurer if the director determines the quality, quantity, or diversity of investments in the trust account of a reinsurer or the surplus to policyholders of the reinsurer is hazardous to a ceding insurer or policyholders.
Terms Used In South Dakota Codified Laws 58-14-20
- Trust account: A general term that covers all types of accounts in a trust department, such as estates, guardianships, and agencies. Source: OCC
Source: SL 1992, ch 344, § 18.