South Dakota § 58-27-29 - Foreign securities--Insurer authorized to do business in foreign country--Limitation as to amount.
Full text of South Dakota South Dakota Codified Laws § 58-27-29 — Foreign securities--Insurer authorized to do business in foreign country--Limitation as to amount., with citation guidance and answers to common questions.
§ 58-27-29. Foreign securities--Insurer authorized to do business in foreign country--Limitation as to amount.
An insurer authorized to transact insurance in a foreign country may make investments, in aggregate amount not exceeding its deposit and obligations incurred in such country, in securities of or in such country possessing characteristics and of a quality similar to like investments required pursuant to this chapter for investments in the United States of America. Canadian securities eligible for investment under other provisions of this chapter are not subject to this section.
Source: SL 1966, ch 111, ch 6, § 22.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 58-27-29
What does South Dakota Codified Laws § 58-27-29 cover?
Section 58-27-29 ("Foreign securities--Insurer authorized to do business in foreign country--Limitation as to amount.") 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 § 58-27-29?
A common citation format is "South Dakota Codified Laws § 58-27-29" (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 § 58-27-29 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.