§ 58-14-16.11 Minimum trusteed surplus requirements.

SD Codified L § 58-14-16.11 (2019) (N/A)
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58-14-16.11. Minimum trusteed surplus requirements. The minimum trusteed surplus requirements are not applicable with respect to a multibeneficiary trust maintained by a certified reinsurer for the purpose of securing obligations incurred under §§ 58-14-16.8 to 58-14-16.13, inclusive, except that the trust shall maintain a minimum trusteed surplus of ten million dollars.

Source: SL 2017, ch 211, § 22.