In respect of transactions specified in § 20:06:04:33 the profits inuring to the insurer shall not exceed the difference between the proceeds of sale and the lowest market price of any security of the same class within six months before or after the date of sale. Nothing in §§ 20:06:04:33 and 20:06:04:34 shall be deemed to enlarge the amount of profit which would inure to such insurer in the absence of this section.

Source: 4 SDR 6, effective August 9, 1977; 12 SDR 151, 12 SDR 155, effective July 1, 1986.

General Authority: SDCL 58-5-73 , 58-5-77.

Law Implemented: SDCL 58-5-70 to 58-5-73.