South Dakota § 58-28-14 - Approval required to maintain guaranteed benefits and funds in separate account.
Full text of South Dakota South Dakota Codified Laws § 58-28-14 — Approval required to maintain guaranteed benefits and funds in separate account., with citation guidance and answers to common questions.
§ 58-28-14. Approval required to maintain guaranteed benefits and funds in separate account.
Except with the approval of the director and under such conditions as to investments and other matters as he may prescribe, which shall recognize the guaranteed nature of the benefits provided, reserves for:
(1) Benefits guaranteed as to dollar amount and duration and
(2) Funds guaranteed as to principal amount or stated rate of interest shall not be maintained in a separate account.
Source: SL 1966, ch 111, ch 6, § 36 (4); § 36 (2) as amended by SL 1967, ch 131; SDCL, § 58-28-2; SL 1969, ch 132; SL 1971, ch 266, § 1 (3).
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 58-28-14
What does South Dakota Codified Laws § 58-28-14 cover?
Section 58-28-14 ("Approval required to maintain guaranteed benefits and funds in separate account.") 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 § 58-28-14?
A common citation format is "South Dakota Codified Laws § 58-28-14" (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 § 58-28-14 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.