An insurer may invest in certificates of deposit in any bank that is a member of the federal deposit insurance corporation. Source: SL 1966, ch 111 , ch 6, § 18; SL 1971, ch 265 , § 1; SL 1974, ch 316 .
Certificates of deposit in federally insured banks
SDCL § 58-27-14 — under LOANS AND INVESTMENTS OF INSURERS.
SDCL § 58-27-14