ENTITLED, An Act to  restrict the investment of insurers in certain investment assets.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
     Section  1.  That chapter 58-27 be amended by adding thereto a NEW SECTION to read as follows:

     An insurer may invest up to twenty percent of its admitted assets in any bonds, warrants, or evidence of indebtedness described in § §  58-27-11 and 58-27-12 and not rated pursuant to §  58-27- 108. The valuation of such investments shall be the amortized cost of the investments or the market value of the investments, whichever is less.

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An Act to restrict the investment of insurers in certain investment assets.

========================= I certify that the attached Act originated in the SENATE as Bill No. 193 ____________________________ Secretary of the Senate =========================      ____________________________ President of the Senate Attest: ____________________________ Secretary of the Senate ____________________________ Speaker of the House Attest: ____________________________ Chief Clerk Senate Bill No. 193 File No. ____ Chapter No. ______

========================= Received at this Executive Office this _____ day of _____________ , 20____ at ____________ M. By _________________________ for the Governor ========================= The attached Act is hereby approved this ________ day of ______________ , A.D., 20___ ____________________________ Governor ========================= STATE OF SOUTH DAKOTA, ss. Office of the Secretary of State Filed ____________ , 20___ at _________ o'clock __ M. ____________________________ Secretary of State By _________________________ Asst. Secretary of State