{"data":{"id":"us-sd/sdcl-58-6-23","jurisdiction":"us-sd","citation":"SDCL § 58-6-23","heading":"Paid-in capital and surplus requirements for certificate of authority.","body":"To qualify for authority to transact any one kind of insurance or combination of kinds of insurance as shown below, a foreign insurer, or a domestic stock insurer applying for its original certificate of authority in this state, or any insurer reapplying for a certificate of authority in this state after having withdrawn from this state for any cause, shall possess and thereafter maintain unimpaired basic paid-in capital stock, if a stock insurer, or unimpaired basic surplus, if a foreign mutual insurer or foreign reciprocal insurer, and shall possess when first so authorized additional funds in surplus as follows:\nKind or Kinds of Insurance | Basic Capital or Basic Surplus | Additional Surplus\nLife\nDomestic stock insurers | $200,000 | $300,000\nForeign insurers | 300,000 | 350,000\nHealth\nDomestic stock insurers | 200,000 | 300,000\nForeign insurers | 300,000 | 350,000\nLife and Health\nDomestic stock insurers | 400,000 | 400,000\nForeign insurers | 400,000 | 525,000\nProperty | 200,000 | 300,000\nCasualty\nWithout Workers' Compensation | 200,000 | 300,000\nWith Workers' Compensation | 300,000 | 350,000\nMarine and Transportation | 200,000 | 300,000\nSurety | 200,000 | 300,000\nTitle | 200,000 | 300,000\nMultiple lines | 400,000 | 400,000","path":["TITLE 58. INSURANCE","CHAPTER 58-6. AUTHORITY TO TRANSACT INSURANCE IN STATE"],"source_url":"https://sdlegislature.gov/Statutes/58-6-23","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"9eb4d22b3c926c3119dd3741a2e15117216c6a60351f00997eaa5c5949eb805c","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-58-6-22","next":"us-sd/sdcl-58-6-24"},"notice":"GroundRules: Original legal text. Not legal advice."}