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Section 58-5-111 - Repayment of loan by domestic insurer — South Dakota Law | CourtGPT
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South Dakota Legal Code

Section 58-5-111 - Repayment of loan by domestic insurer

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58-5-111. Repayment of loan by domestic insurer.Any loan pursuant to §58-5-108 or substantial portion thereof shall be repaid by the insurer, upon the director's prior approval, when no longer reasonably necessary for the purpose originally intended. Source: SL 1966, ch 111, ch 16, §34 (4).