58-35-48. Funds expended for educational purposes--Maximum amount--Statement in annual report. An insurer may spend earnings of the preceding year for educational purposes. A complete and itemized report of such expenditures shall be filed by the insurer as part of its annual report required under § 58-35-54.
Source: SL 1966, ch 111, ch 17, § 24; SL 1993, ch 373.
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