South Dakota Codified Laws
Chapter 07 - Insurers' Deposits With State
Section 58-7-16 - Record by director of assets deposited.

58-7-16. Record by director of assets deposited.
The director shall keep a record of the assets and securities comprising each deposit, showing as far as practical the amount and market value of each item.

Source: SL 1966, ch 111, ch 7, §6 (2); SL 1991, ch 398, §8.

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Structure South Dakota Codified Laws

South Dakota Codified Laws

Title 58 - Insurance

Chapter 07 - Insurers' Deposits With State

Section 58-7-1 - Amounts required to be deposited by domestic insurers--Financial institutions to report to director.

Section 58-7-2 - Assets acceptable for deposit of reserves.

Section 58-7-3 - Credit of other deposit against reserve deposit.

Section 58-7-4 - Annual deposit of additional securities to cover increase of reserves.

Section 58-7-5 - Ineligibility for deposit of securities in default.

Section 58-7-6 - Authorized deposits of insurers.

Section 58-7-7 - Purpose of deposits.

Section 58-7-8 - Certificates of deposit--Eligible securities--Purpose of deposits.

Section 58-7-9 - Deposit of domestic insurer held in this state pursuant to laws of another state or country--Assets comprising--Protection of all policyholders of insurer.

Section 58-7-10 - Deposits of reserves of domestic life insurer--Assets comprising--Holding for common benefit of policyholders and annuity contracts.

Section 58-7-11 - Deposits of reserves of domestic insurers other than life--Holding for common benefit of all policyholders.

Section 58-7-12 - Deposits of foreign insurers--Assets comprising--Holding for purposes required by law and as specified by director.

Section 58-7-13 - Assignment to director of securities not negotiable by delivery--Power of attorney.

Section 58-7-14 - Real estate used as deposit--Deed of trust, execution, and recording prior to deposit with director--Appraisal required.

Section 58-7-16 - Record by director of assets deposited.

Section 58-7-17 - Release of assigned security--Reassignment to insurer or other person.

Section 58-7-18 - Deposit of reserves in financial institutions.

Section 58-7-20 - Terms of depository or custodial arrangements for deposit of reserves.

Section 58-7-21 - Forms and terms of depository or custodial arrangement.

Section 58-7-22 - Compensation and expenses of depository or custodian borne by insurer.

Section 58-7-23 - Nonliability of director and state for safekeeping by custodian.

Section 58-7-24 - Custodial arrangements--Termination by director--New arrangements.

Section 58-7-25 - Effect of deposit in foreign state.

Section 58-7-26 - Sufficiency of deposit--Valuation of assets.

Section 58-7-27 - Decline in market value of deposited assets--Deposit of additional assets or securities.

Section 58-7-28 - Appraisal or valuation of deposited assets or securities--Cost borne by insurer.

Section 58-7-29 - Deposit exceeding requirements--Release to insurer upon request--Release during insolvency of insurer.

Section 58-7-30 - Right of insurer to deposited assets and securities during solvency.

Section 58-7-31 - Levy upon deposited assets and securities.

Section 58-7-32 - Deposits by foreign or alien insurers not subject to taxation.

Section 58-7-33 - Duration of deposit of assets and securities.

Section 58-7-34 - Release of deposit on request of domestic insurer.

Section 58-7-35 - Return of deposit of foreign insurer.

Section 58-7-36 - Return of deposit upon merger or consolidation of insurer.

Section 58-7-37 - Insurer subject to delinquency proceedings--Surrender of deposited assets and securities to authorized officer of court.

Section 58-7-38 - Release of deposited assets--Terms--Nonliability of director acting in good faith.