58-34-16Additional kinds of insurance transacted--Minimum amount of surplus funds.

A domestic reciprocal insurer may be authorized to transact additional kinds of insurance if it has otherwise complied with the provisions of this title therefor and possesses and maintains surplus funds not less in amount than the minimum capital stock required of a domestic stock insurer for authority to transact a like combination of kinds of insurance, but subject to §§ 58-6-27 and 58-6-28.

Source: SL 1966, ch 111, ch 19, § 8 (4).