South Dakota Codified Laws 58-27-2. Eligible investments by insurers–Violation as misdemeanor
Current as of: 2023 | Check for updates
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Insurers shall invest in or lend their funds on the security of, and shall hold as invested assets, only eligible investments as prescribed in this chapter. Violation of this section is a Class 2 misdemeanor.
Attorney's Note
Under the South Dakota Laws, punishments for crimes depend on the classification. In the case of this section:| Class | Prison | Fine |
|---|---|---|
| Class 2 misdemeanor | up to 30 days | up to $500 |
Terms Used In South Dakota Codified Laws 58-27-2
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
Source: SL 1966, ch 111, ch 6, § 2 (1); SL 1978, ch 359, § 2.