Repayment of loan by domestic insurer

SDCL § 58-5-111 — under ORGANIZATION AND GENERAL POWERS OF INSURERS.

SDCL § 58-5-111

Any loan pursuant to § 58-5-108 or substantial portion thereof shall be repaid by the insurer, upon the director's prior approval, when no longer reasonably necessary for the purpose originally intended. Source: SL 1966, ch 111 , ch 16, § 34 (4).