South Dakota Codified Laws 58-46-30. Combination of assets of protected cells for purposes of investment
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Notwithstanding the provisions of § 58-46-27, a sponsored captive insurance company may combine the assets of two or more protected cells for purposes of investing those assets. Such a combination of assets may not be construed as defeating the segregation of assets for purposes of § 58-46-27, or for accounting or other purposes. A sponsored captive insurance company shall comply with investment requirements as may be approved by the director upon application by a sponsored captive insurance company.
Terms Used In South Dakota Codified Laws 58-46-30
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
Source: SL 2013, ch 257, § 26.