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

58-7-4. Annual deposit of additional securities to cover increase of reserves. Annually on or before April first, the insurer shall deposit any additional securities required under § 58-7-1 and related to the increase of such reserves during the calendar year next preceding as determined from the insurer's annual statement as of December thirty-first of such preceding year.

Source: SL 1966, ch 111, ch 7, § 1 (2).