Right of insurer to deposited assets and securities during solvency

SDCL § 58-7-30 — under INSURERS' DEPOSITS WITH STATE.

SDCL § 58-7-30

While the insurer remains solvent and is in compliance with this title it may: (1) Demand, receive, sue for, and recover the income from the assets or securities deposited; (2) Exchange and substitute for the deposited assets or securities, or any part thereof, other eligible assets or securities of equivalent or greater value; and (3) At any reasonable time inspect any such deposit. Source: SL 1966, ch 111 , ch 7, § 10.