South Dakota Codified Laws 58-7-12. Deposits of foreign insurers–Assets comprising–Holding for purposes required by law and as specified by director
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Deposits of foreign insurers made under this title shall consist of such assets as are required by the director. Deposits required pursuant to this title shall be held for such purposes as is required by such law, and as specified by the director’s order requiring such deposit to be made.
Terms Used In South Dakota Codified Laws 58-7-12
- 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 7, §§ 3 (4), 4 (4); SL 1991, ch 398, § 5.