SDCL § 58-46-30: Combination of assets of protected cells for purposes of investment.
Where this section sits in the code
- TITLE 58. INSURANCE
- CHAPTER 58-46. CAPTIVE INSURANCE COMPANIES
Notwithstanding the provisions of § 58-46-27, a sponsored captive insurance company may combine the assets of two or more protected cells for purposes of investing those assets. Such a combination of assets may not be construed as defeating the segregation of assets for purposes of § 58-46-27, or for accounting or other purposes. A sponsored captive insurance company shall comply with investment requirements as may be approved by the director upon application by a sponsored captive insurance company.
Collected 2026-09-03T15:18:57Z. Source file · JSON