Certificates of deposit--Eligible securities--Purpose of deposits

All such deposits required under §§ 58-6-33 to 58-6-35 , inclusive, for authority to transact insurance in this state shall consist of certificates of deposit, or any combination of securities of the kinds described in §§ 58-27-9 , 58-27-11 , 58-27-12 , 58-27-14 , and 58-27-15 . Deposits made in this state under §§ 58-6-33 to 58-6-35 , inclusive, shall be held for the purpose stated in § 58-6-34 . Source: SL 1966, ch 111 , ch 7, §§ 3 (1), 4 (1).