South Dakota Codified Laws 58-7-30. Right of insurer to deposited assets and securities during solvency
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While the insurer remains solvent and is in compliance with this title it may:
(1) Demand, receive, sue for, and recover the income from the assets or securities deposited;
Terms Used In South Dakota Codified Laws 58-7-30
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
(2) Exchange and substitute for the deposited assets or securities, or any part thereof, other eligible assets or securities of equivalent or greater value; and
(3) At any reasonable time inspect any such deposit.
Source: SL 1966, ch 111, ch 7, § 10.