An insurer, other than title insurer, shall invest and maintain invested funds not less in amount than the minimum paid–in capital stock required under this title of a domestic stock insurer transacting like kinds of insurance, only in cash and the securities provided for under §§ 58-27-9 to 58-27-15, inclusive, and under §§ 58-27-32 to 58-27-40, inclusive.

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Source: SL 1966, ch 111, ch 6, § 5 (3).