Maintenance of invested funds--Minimum amount--Guaranteed securities--Real property

An insurer, other than title insurer, shall invest and maintain invested funds not less in amount than the minimum paid - in capital stock required under this title of a domestic stock insurer transacting like kinds of insurance, only in cash and the securities provided for under §§ 58-27-9 to 58-27-15 , inclusive, and under §§ 58-27-32 to 58-27-40 , inclusive. Source: SL 1966, ch 111 , ch 6, § 5 (3).