Section 58-27-68 - Foreign insurer--Permitted investment portfolio--Domicile of alien insurer. - South Dakota Statutes

58-27-68. Foreign insurer--Permitted investment portfolio--Domicile of alien insurer. The investment portfolio of a foreign insurer shall be as permitted by the laws of its domicile but shall be of a quality substantially as high as that required under this chapter for similar funds of like domestic insurers. For the purposes of this provision, the domicile of an alien insurer, other than a life insurer formed under the laws of Canada, shall be deemed to be that state in which it maintains its principal deposit.

Source: SL 1966, ch 111, ch 6, § 35.