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2011 South Dakota Code
Title 58 INSURANCE
Chapter 26. Valuation Of Assets, Liabilities And Reserves
§58-26-41 Unearned premium reserve on marine and transportation insurance.


SD Codified L § 58-26-41 (through 2011) What's This?

58-26-41. Unearned premium reserve on marine and transportation insurance. As to marine and transportation insurance, the entire amount of premiums on trip risks not terminated shall be deemed unearned; and the director may require the insurer to carry a reserve equal to one hundred percent of premiums on trip risks written during the month ended as of the date of statement.

Source: SL 1966, ch 111, ch 5, § 6.

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