South Dakota Codified Laws 58-5-115. Curing impairment of capital or surplus
Current as of: 2023 | Check for updates
|
Other versions
The deficiency may be cured by cash or assets eligible under chapter 58-27; or by amendment of the insurer’s certificate of authority to cover only such kind or kinds of insurance thereafter for which such insurer has sufficient basic paid–in capital or minimum basic surplus under this title.
Terms Used In South Dakota Codified Laws 58-5-115
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
Source: SL 1966, ch 111, ch 16, § 35 (2).