<html> <head> <title>Rule 06:01:04:08 Maturity of and security for fixed maturity bonds.</title> <META NAME="Keywords" Content="Administrative Rules 06:01:04:08"> <META NAME="Description" Content="Administrative Rules 06:01:04:08 Maturity of and security for fixed maturity bonds."> <meta name=Generator content="Microsoft Office HTML Filter 2.0"> <meta http-equiv=Content-Type content="text/html; charset=windows-1252"> <meta name=Originator content="Microsoft Word 10"> <style> <!-- --> </style> </head> <body lang=EN-US> <div> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>6:01:04:08.&nbsp;&nbsp;Maturity of and security for fixed maturity bonds.</b> Fixed maturity bonds secured by mortgages meeting the other criteria in this chapter shall have a maturity of 10 years or less and shall be continuously secured by mortgages having a market value equal to at least 140 percent of the par value of the bonds.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> 9 SDR 53, effective November 3, 1982.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>General Authority:</b>SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=4-5-28">4-5-28.</A></p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Law Implemented:</b>SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=4-5-28">4-5-28.</A></p> </div> </body> </html>