58-6-7. Eligibility of insurer for certificate of authority--Necessity for maintenance of required reserves.
No insurer shall be authorized to transact insurance in this state which does not maintain reserves as required by the chapter of this title relating to assets and liabilities, applicable to the kinds of insurance transacted by such insurer, wherever transacted in the United States.
Source: SL 1966, ch 111, ch 3, §4 (1).