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U.S. State Codes
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South-Dakota
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Title 58 - Insurance
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Chapter 27 - Loans And Investments Of Insurers
Chapter 27 - Loans And Investments Of Insurers
§ 58-27-1 Application of chapter.
§ 58-27-2 Eligible investments by insurers--Violation as misdemeanor.
§ 58-27-3 Time of determination of eligibility of investment.
§ 58-27-4 Prior legal investment deemed eligible.
§ 58-27-5 Acquisition of ineligible securities or property--Disposition.
§ 58-27-6 Time of investment limitation based on amount of insurer's admitted assets, risk based capital, or capital and surplus.
§ 58-27-7 Investments required to produce income--Exemptions--Rules.
§ 58-27-8 Security or investment ineligible for purchase or exchange at more than market value.
§ 58-27-9 Obligations of United States or Canada.
§ 58-27-10 Loans guaranteed by United States or Canada.
§ 58-27-11 Obligations of states, provinces, and political subdivisions.
§ 58-27-12 Revenue bonds of states, provinces, and political subdivisions.
§ 58-27-12.1 Maximum investments in bonds, warrants, and evidence of indebtedness.
§ 58-27-13 Obligations or stock of federal agencies.
§ 58-27-14 Certificates of deposit in federally insured banks.
§ 58-27-15 Federally insured savings and loan accounts.
§ 58-27-15.1 Credit Union accounts.
§ 58-27-16 Obligations of international bank and certain development banks for reconstruction and development.
§ 58-27-17 Investments authorized for insurers.
§ 58-27-18 to 58-27-22. Repealed.
§ 58-27-23 Nonassessable common stock of corporation--Insurance stocks excepted.
§ 58-27-24 Stock of solvent insurers meeting requirements.
§ 58-27-25 Insurer acquiring controlling interest in another stock insurer--Limitation as to amount.
§ 58-27-26 Investments in stock of majority owned subsidiary corporations.
§ 58-27-27 Maximum amount of investments in stock of majority owned subsidiary, or another insurer or wholly owned subsidiary.
§ 58-27-28 Equipment trust obligations or certificates.
§ 58-27-29 Foreign securities--Insurer authorized to do business in foreign country--Limitation as to amount.
§ 58-27-30 Collateral loans--Pledge of securities--Restricted amount.
§ 58-27-31 Policy loans by life insurer--Maximum amount.
§ 58-27-32 Real estate mortgages and deeds of trust.
§ 58-27-33 Improved real property defined.
§ 58-27-34 Interests and restrictions not constituting encumbrances upon improved real property.
§ 58-27-35 Deduction of sum owing on real property but not due or delinquent--Reserved rights not included in fair value of property.
§ 58-27-36 Bonds or notes secured by mortgage or trust deed guaranteed by federal housing administration.
§ 58-27-37 Bonds or notes secured by mortgage or trust deed guaranteed by administrator of veterans' affairs.
§ 58-27-38 Equity of seller of real property in contract for deed--Maximum amount of investment.
§ 58-27-39 Evidences of debt secured by mortgage or trust deed upon leasehold estates--Eligibility for investment.
§ 58-27-40 Purchase money mortgage or other securities received by insurer upon sale or exchange of real property.
§ 58-27-41 Maximum loan on security of real property--Misdemeanor.
§ 58-27-42 Real property mortgage loan limited by property value--Loan on leasehold--Additional investment in other assets.
§ 58-27-43 Deduction from loan of amount guaranteed by administrator of veterans' affairs.
§ 58-27-44 Appraisal to determine market value of property.
§ 58-27-45 Loan on or investment in real estate mortgage on security of chattel mortgage--Limited amount.
§ 58-27-46 "Durable equipment" defined.
§ 58-27-47 Acquisition of chattel mortgage--Separate appraisal of included items to determine fair market value--Maximum amount of loan.
§ 58-27-48 Liens on personal property as additional security permitted.
§ 58-27-49 Sale of mortgage loans to federal national mortgage association.
§ 58-27-50 Restrictions on purposes and amount of real estate investments.
§ 58-27-51 Maximum investments in other assets--Exceptions.
§ 58-27-51.1 Additional investment authority--Life and health insurers.
§ 58-27-51.2 Additional investment authority--Property and casualty insurers.
§ 58-27-51.3 Additional investment authority--Valuation of investments.
§ 58-27-52 Limits on categories of investments.
§ 58-27-53 Maximum amount of investments or loans with one person, institution, corporation, or municipal corporation--Exceptions.
§ 58-27-54 Maximum amount of investment in voting stock of corporation--Exceptions.
§ 58-27-55 Maintenance of invested funds--Minimum amount--Guaranteed securities--Real property.
§ 58-27-56 Minimum investments by life insurer.
§ 58-27-57 Maximum amount of investment in certain classes of securities.
§ 58-27-58 Limitations on investments in corporate stock--Exceptions.
§ 58-27-59 Repealed.
§ 58-27-60 Limits of investments in real estate--Law governing.
§ 58-27-61 Investment or loans on own capital stock.
§ 58-27-62 Loan secured by own stock as collateral.
§ 58-27-63 Repealed.
§ 58-27-64 Affiliate defined.
§ 58-27-65 Finding of director that security designed to evade chapter--Investment or loan prohibited.
§ 58-27-66 Pension or profit-sharing trust agreement not prohibited.
§ 58-27-67 Underwriting of securities or property prohibited.
§ 58-27-68 Foreign insurer--Permitted investment portfolio--Domicile of alien insurer.
§ 58-27-69 Authorization of investment or loan by board or committee of insurer.
§ 58-27-70 Disposal of real estate unnecessary for transaction of insurance business--Time limit.
§ 58-27-71 Disposal of real estate acquired in satisfaction of debt, as part payment of consideration on sale of real estate, as gift or devise, or through merger, consolidation, or bulk reinsurance--Time limit.
§ 58-27-72 Extension of time for disposal of real estate--Election to hold as investment for income purposes, acquisition cost.
§ 58-27-73 Immediate disposal of ineligible property or security unlawfully acquired.
§ 58-27-74 Disposal of lawfully acquired ineligible property--Extension of time.
§ 58-27-75 Ineligible personal property or securities not allowable as assets of insurer.
§ 58-27-76 Expiration of period for disposal of ineligible property or securities--Disallowance as admitted asset.
§ 58-27-77 Immediate disposal of ineligible investment unlawfully acquired.
§ 58-27-78 Nominee holding investments--Definitions.
§ 58-27-79 Name in which investments held.
§ 58-27-80 Holding in name of clearing corporation, custodian bank or nominee--Conditions.
§ 58-27-81 Securities lending, repurchase, reverse repurchase and dollar roll transactions--Agreement required.
§ 58-27-82 Participation in federal reserve book-entry system.
§ 58-27-83 Interest in pool of obligations--Fractional interest in an obligation--Requirements.
§ 58-27-84 Evidence of investment required in absence of certificate.
§ 58-27-85 Banking business authorized--Acquisition of banks--Regulation of such banking business.
§ 58-27-86 Approval of banking acquisition required--Considerations in determining--Conditions.
§ 58-27-87 Banking patronage as prerequisite to issuance of insurance policy prohibited.
§ 58-27-88 Limitation on application of Secondary Mortgage Market Enhancement Act to certain investments.
§ 58-27-89 Definition of terms.
§ 58-27-90 Limitations on acquiring medium or lower grade obligations.
§ 58-27-91 Obligations contracted prior to July 1, 1992.
§ 58-27-92 Multiple obligations in same institution.
§ 58-27-93 Written plans for making medium or lower grade obligations--Contents of plan--Deadline.
§ 58-27-94 Limit on amount invested in medium or lower grade obligations.
§ 58-27-95 Restructuring of medium or lower grade obligation already held.
§ 58-27-96 Conflicting provisions.
§ 58-27-97 Excess transactions.
§ 58-27-98 Promulgation of rules.
§ 58-27-99 Application of §§ 58-27-89 to 58-27-102.
§ 58-27-100 Time limit for compliance with §§ 58-27-89 to 58-27-102.
§ 58-27-101 Investment in money market funds.
§ 58-27-102 Investment in company owned life insurance contracts.
§ 58-27-103 Investment in a collateralized pool of mortgages--Requirements--Restrictions.
§ 58-27-104 Investment in a collateralized pool of assets other than mortgages--Requirements.
§ 58-27-105 Foreign investments.
§ 58-27-106 Repealed.
§ 58-27-107 Ratification of investment.
§ 58-27-108 Rating and valuation of investments--Requirements--Divestment.
§ 58-27-109 Institution defined.
§ 58-27-110 Title plans investments.
§ 58-27-111 Joint venture and limited partnership investments.