There is a newer version of the South Dakota Codified Laws
2011 South Dakota Code
Title 58 INSURANCE
Chapter 34. Reciprocal Insurers
§58-34-42 Time limit for levy of assessment.
SD Codified L § 58-34-42 (through 2011) What's This?
58-34-42. Time limit for levy of assessment. Every subscriber of a domestic reciprocal insurer having contingent liability shall be liable for, and shall pay his share of any assessment, as computed and limited in accordance with this chapter, if:
(1) While his policy is in force or within one year after its termination, he is notified by either the attorney or the director of his intentions to levy such assessment; or
(2) An order to show cause why a receiver, conservator, rehabilitator, or liquidator of the insurer should not be appointed is issued while his policy is in force or within one year after its termination.
Source: SL 1966, ch 111, ch 19, § 24.
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