Section 58-14-7 - Credit for reinsurance allowed for domestic ceding insurer as asset or deduction. - South Dakota Statutes

58-14-7. Credit for reinsurance allowed for domestic ceding insurer as asset or deduction. Credit for reinsurance shall be allowed a domestic ceding insurer as either an asset or a deduction from liability on account of reinsurance ceded only when the reinsurer meets any one of the requirements of §§ 58-14-8 to 58-14-14, inclusive. If meeting the requirements of subdivision 58-14-10(1) or §§ 58-14-11 to 58-14-13, inclusive, the requirements of subdivision 58-14-15(1) shall also be met.

Source: SL 1992, ch 344, § 1.