58-35-48. Funds expended for educational purposes--Maximum amount--Statement in annual report.
An insurer may spend earnings of the preceding year for educational purposes. A complete and itemized report of such expenditures shall be filed by the insurer as part of its annual report required under §58-35-54.
Source: SL 1966, ch 111, ch 17, §24; SL 1993, ch 373.