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

58-7-8. Certificates of deposit--Eligible securities--Purpose of deposits. All such deposits required under §§ 58-6-33 to 58-6-35, inclusive, for authority to transact insurance in this state shall consist of certificates of deposit, or any combination of securities of the kinds described in §§ 58-27-9, 58-27-11, 58-27-12, 58-27-14, and 58-27-15. Deposits made in this state under §§ 58-6-33 to 58-6-35, inclusive, shall be held for the purpose stated in § 58-6-34.

Source: SL 1966, ch 111, ch 7, §§ 3 (1), 4 (1).