The bylaws of a domestic mutual insurer shall provide for deposit, custody, disbursement, and accounting of corporate funds. Source: SL 1966, ch 111 , ch 16, § 16 (2) (e).
Funds of domestic mutual insurer--Deposit, custody, disbursement, and accounting
SDCL § 58-5-44 — under ORGANIZATION AND GENERAL POWERS OF INSURERS.
SDCL § 58-5-44