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§ 58-5-22 Expendable surplus funds required of domestic mutual insurer.

SD Codified L § 58-5-22 (2019) (N/A)
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58-5-22. Expendable surplus funds required of domestic mutual insurer. In addition to surplus deposited and thereafter to be maintained as shown in columns (g) and (h) of the schedule in § 58-5-21, the insurer when first authorized must have on hand surplus funds, which it can thereafter expend in the conduct of its business, in amount not less than fifty percent of the deposited and maintained surplus required of it under the said schedule.

Source: SL 1966, ch 111, ch 16, § 9.

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