58-6-28. Additional kinds of insurance authorized for insurer holding prior certificate--Capital and surplus requirements.An insurer described by §58-6-27 shall not hereafter be granted authority to transact any other or additional kind of insurance unless it then fully complies with the requirements as to capital and surplus, as applied to all the kinds of insurance it then proposes to transact, as provided under §§58-6-23 to 58-6-26, inclusive, as to new domestic insurers. Source: SL 1966, ch 111, ch 3, §11 (2).
South Dakota Legal Code