20 : 06 : 31 : 04.10 . Obligations guaranteed by multinational development banks. Trust assets may be invested in obligations issued, assumed, or guaranteed by a multinational development bank are permissible provided the obligations are rated A or higher, or the equivalent, by a rating agency recognized by the Securities Valuation Office of the National Association of Insurance Commissioners.

Source: 44 SDR 71, effective October 23, 2017.

General Authority: SDCL 58-14-17.

Law Implemented: SDCL 58-14-11 , 58-14-13 , 58-14-17 , 58-14-20.