Section 58-5-158 - Subsidiary investment to be counted as admitted asset. - South Dakota Statutes

58-5-158. Subsidiary investment to be counted as admitted asset. Notwithstanding § 58-4-43 or any other provision of Title 58, a qualified education loan insurer's subsidiary investment permitted under § 58-5-157 shall be counted fully as an admitted asset on the qualified education loan insurer's balance sheet and may not be disregarded as an admitted asset by the director of the Division of Insurance in enforcing the provisions of §§ 58-4-39 to 58-4-43, inclusive, and chapter 58-29B, and any rule promulgated to implement such provisions.

Source: SL 1998, ch 287, § 5.