South Dakota Codified Laws 58-27-94. Limit on amount invested in medium or lower grade obligations
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No domestic insurer may invest more than an aggregate of one percent of its admitted assets in medium grade obligations issued, guaranteed, or insured by any one institution nor may it invest more than one–half of one percent of its admitted assets in lower grade obligations issued, guaranteed, or insured by any one institution. In no event, however, may a domestic insurer invest more than one percent of its admitted assets in any medium or lower grade obligations issued, guaranteed, or insured by any one institution.
Terms Used In South Dakota Codified Laws 58-27-94
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
Source: SL 1992, ch 350, § 6.