South Dakota Codified Laws 58-7-6. Authorized deposits of insurers
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The following deposits of insurers shall be accepted and held, and are subject to the provisions of this chapter:
(1) Deposits required under this title for authority to transact insurance business in this state;
Terms Used In South Dakota Codified Laws 58-7-6
- Insurance business: includes the transaction of all matters pertaining to a contract of insurance, both before and after the effectuation of that contract, and all matters arising out of that contract or any claim thereunder. See South Dakota Codified Laws 58-1-2
- State: when used in context signifying a jurisdiction other than the State of South Dakota, a state, the District of Columbia, a territory, commonwealth, or possession of the United States of America, or a province of the Dominion of Canada. See South Dakota Codified Laws 58-1-2
(2) Deposits of domestic insurers if made pursuant to the laws of other states, provinces, and countries as requirement for authority to transact insurance in that state, province, or country;
(3) Deposits of reserves made by domestic insurers;
(4) Deposits in additional amounts as are permitted to be made under § 58-7-29.
Source: SL 1966, ch 111, ch 7, § 2; SL 1991, ch 398, § 3.