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 .
Funds expended for educational purposes--Maximum amount--Statement in annual report
SDCL § 58-35-48, under FARM MUTUAL INSURERS.
SDCL § 58-35-48