An insurer, other than title insurer, shall invest and maintain invested funds not less in amount than the minimum paid - in capital stock required under this title of a domestic stock insurer transacting like kinds of insurance, only in cash and the securities provided for under §§ 58-27-9 to 58-27-15 , inclusive, and under §§ 58-27-32 to 58-27-40 , inclusive.
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