South Dakota Code § 58-7-8

Certificates of deposit--Eligible securities--Purpose of deposits
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All such deposits required under §§
58-6-33
to
58-6-35
, inclusive, for authority to transact insurance in this state shall consist of certificates of deposit, or any combination of securities of the kinds described in §§
58-27-9
,
58-27-11
,
58-27-12
,
58-27-14
, and
58-27-15
. Deposits made in this state under §§
58-6-33
to
58-6-35
, inclusive, shall be held for the purpose stated in §
58-6-34
.

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