58-35-48Funds expended for educational purposes--Maximum amount--Statement in annual report.

An insurer may spend earnings of the preceding year for educational purposes. A complete and itemized report of such expenditures shall be filed by the insurer as part of its annual report required under § 58-35-54.

Source: SL 1966, ch 111, ch 17, § 24; SL 1993, ch 373.