Authorized deposits of insurers.

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58-7-6. Authorized deposits of insurers.

The following deposits of insurers shall be accepted and held, and are subject to the provisions of this chapter:

(1)Deposits required under this title for authority to transact insurance business in this state;

(2)Deposits of domestic insurers if made pursuant to the laws of other states, provinces, and countries as requirement for authority to transact insurance in that state, province, or country;

(3)Deposits of reserves made by domestic insurers;

(4)Deposits in additional amounts as are permitted to be made under §58-7-29.

Source: SL 1966, ch 111, ch 7, §2; SL 1991, ch 398, §3.


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