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79 chapters · 3,426 sections in this title.
SDCL § 58-27-92 Multiple obligations in same institution
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Notwithstanding the requirements of §§ 58-27-89 and 58-27-90 , a domestic insurer may acquire an obligation of an institution in which the insurer already has one or more obligations, if the obligation is acquired in order to protect an investment previously made in the obligatio…
SDCL § 58-27-93 Written plans for making medium or lower grade obligations--Contents of plan--Deadline
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The board of directors of any domestic insurance company which acquires or invests in, directly or indirectly, medium or lower grade obligations of any institution, shall adopt a written plan for the making of those investments. The plan, in addition to guidelines with respect to…
SDCL § 58-27-94 Limit on amount invested in medium or lower grade obligations
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No domestic insurer may invest more than an aggregate of one percent of its admitted assets in medium grade obligations issued, guaranteed, or insured by any one institution nor may it invest more than one - half of one percent of its admitted assets in lower grade obligations is…
SDCL § 58-27-95 Restructuring of medium or lower grade obligation already held
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A domestic insurer is not prohibited from acquiring an obligation as a result of a restructuring of a medium or lower grade obligation already held. Source: SL 1992, ch 350 , § 7.
