SDCL § 58-27-12.1: Maximum investments in bonds, warrants, and evidence of indebtedness.

An insurer may invest up to twenty percent of its admitted assets in any bonds, warrants, or evidence of indebtedness described in §§ 58-27-11 and 58-27-12 and not rated pursuant to § 58-27-108. The valuation of such investments shall be the amortized cost of the investments or the market value of the investments, whichever is less.