South Dakota Codified Laws 58-7-26. Sufficiency of deposit–Valuation of assets
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For the purpose of determining the sufficiency of its deposit in this state the assets and securities of the insurer on deposit shall be valued at current market value except bonds which may, in the discretion of the director, be valued as provided in § 58-26-2.
Terms Used In South Dakota Codified Laws 58-7-26
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- State: when used in context signifying a jurisdiction other than the State of South Dakota, a state, the District of Columbia, a territory, commonwealth, or possession of the United States of America, or a province of the Dominion of Canada. See South Dakota Codified Laws 58-1-2
Source: SL 1966, ch 111, ch 7, § 13 (1); SL 1969, ch 134.