{"data":{"id":"us-sd/sdcl-58-27-57","jurisdiction":"us-sd","citation":"SDCL § 58-27-57","heading":"Maximum amount of investment in certain classes of securities.","body":"Except with the director's consent, no insurer may have invested at any one time more than forty percent of its assets in the class of securities described in subdivisions 58-27-17(1), (2), (3), and (4) and in § 58-27-28, exclusive of obligations of the Student Loan Marketing Association, public utilities and securities described in §§ 58-27-103 and 58-27-104, and obligations guaranteed or insured by the United States government or any instrumentality or subdivision thereof or any state as defined in subdivision 58-1-2(17). For purposes of determining compliance with this section, the investments under subdivision 58-27-17(4) are limited to those mutual funds that are investing at least ninety percent in bonds defined in subdivisions 58-27-17(1), (2), and (3) and §§ 58-27-9 to 58-27-13, inclusive.","path":["TITLE 58. INSURANCE","CHAPTER 58-27. LOANS AND INVESTMENTS OF INSURERS"],"source_url":"https://sdlegislature.gov/Statutes/58-27-57","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"80f8dd85e6e4ba35e0dc7042d719811b3306ced081724284f8d97571db795154","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-58-27-56","next":"us-sd/sdcl-58-27-58"},"notice":"GroundRules: Original legal text. Not legal advice."}