{"data":{"id":"us-sd/sdcl-58-27-104","jurisdiction":"us-sd","citation":"SDCL § 58-27-104","heading":"Investment in a collateralized pool of assets other than mortgages--Requirements.","body":"An insurer may invest in an interest in a collateralized pool whose underlying assets are not addressed or may be prohibited by chapter 58-26 or 58-27. An insurer may invest in interest-bearing obligations entitled to receive both principal and interest, or both principal and implied interest, from a pool collateralized by one or more assets other than those authorized in § 58-27-103. The collateral for the investments shall have been sold to and be currently owned by a trust or corporation established solely for the purpose of holding the assets for the benefit of the obligee. Any investment authorized under this section shall have a minimum quality rating of two by the Securities Valuation Office of the National Association of Insurance Commissioners. If at any time thereafter the quality rating drops below a rating of two the insurer is subject to § 58-27-90.\nAn insurer's investments authorized under this section may not exceed forty percent of its admitted assets.\nIf the underlying investment of the pool is an investment set forth in chapters 58-26 and 58-27, any requirement or limitation for that investment shall apply. This section is subject to the five percent limitation of § 58-27-53.","path":["TITLE 58. INSURANCE","CHAPTER 58-27. LOANS AND INVESTMENTS OF INSURERS"],"source_url":"https://sdlegislature.gov/Statutes/58-27-104","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"737befb4d157706f8aebe394df3ba8d2f121c61b5cef09ff9b8a58029b2eb8c5","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-58-27-103","next":"us-sd/sdcl-58-27-105"},"notice":"GroundRules: Original legal text. Not legal advice."}