South Dakota § 58-27-17 - Investments authorized for insurers.
Full text of South Dakota South Dakota Codified Laws § 58-27-17 — Investments authorized for insurers., with citation guidance and answers to common questions.
§ 58-27-17. Investments authorized for insurers.
An insurer may invest in:
(1) Bonds, debentures, notes, and other evidences of indebtedness, or participations thereon, issued, assumed, or guaranteed by any solvent institution existing under the laws of the United States of America or Canada, or any state or province thereof, and which bear or accrue interest at a fixed or floating rate;
(2) Secured and unsecured obligations of institutions described in subdivision (1) of this section, bearing or accruing interest at a fixed or floating rate, with mandatory principal and interest due at specified times;
(3) Adjustment, income, or other contingent interest obligations of institutions described in subdivision (1) of this section;
(4) Securities of any (a) open-end or closed-end management type investment company or investment trust fund registered under the Investment Company Act of 1940, as adopted by the director pursuant to rules promulgated pursuant to chapter 1-26, or (b) issuer meeting the requirements of Section 3(c)(1) of the Investment Company Act of 1940, as adopted by the director pursuant to rules promulgated pursuant to chapter 1-26; and
(5) Preferred shares of any solvent institution existing under the laws of the United States of America or Canada, or of any state or province thereof.
If an insurer has an investment in violation of this section, it shall divest itself of the investment pursuant to § 58-27-74.
Source: SL 1966, ch 111, ch 6, § 12 (1); SL 1992, ch 350, § 13; SL 1994, ch 384, § 2; SL 1997, ch 294, § 7.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 58-27-17
What does South Dakota Codified Laws § 58-27-17 cover?
Section 58-27-17 ("Investments authorized for insurers.") is part of the South Dakota Codified Laws, the codified statutory law of South Dakota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Dakota § 58-27-17?
A common citation format is "South Dakota Codified Laws § 58-27-17" (South Dakota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Dakota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Dakota official source linked on this page or consult a licensed South Dakota attorney.
How does South Dakota § 58-27-17 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Dakota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Dakota.