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

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

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

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

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

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

Section 58-7-7 - Purpose of deposits. - 58-7-7. Purpose of deposits. Such deposits shall be held for...

Section 58-7-8 - Certificates of deposit--Eligible securities--Purpose of deposits. - 58-7-8. Certificates of deposit--Eligible securities--Purpose of deposits. All such 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. - 58-7-9. Deposit of domestic insurer held in this state pursuant...

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Section 58-7-26 - Sufficiency of deposit--Valuation of assets. - 58-7-26. Sufficiency of deposit--Valuation of assets. For the purpose of...

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

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

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

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

Section 58-7-31 - Levy upon deposited assets and securities. - 58-7-31. Levy upon deposited assets and securities. No judgment creditor...

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

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

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

Section 58-7-35 - Return of deposit of foreign insurer. - 58-7-35. Return of deposit of foreign insurer. The director shall...

Section 58-7-36 - Return of deposit upon merger or consolidation of insurer. - 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. - 58-7-37. Insurer subject to delinquency proceedings--Surrender of deposited assets and...

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