2011 South Dakota Code
Title 58 INSURANCE
Chapter 34. Reciprocal Insurers
§58-34-43 Aggregate liability of subscriber--Maximum in one year.


SD Codified L § 58-34-43 (through 2011) What's This?

58-34-43. Aggregate liability of subscriber--Maximum in one year. No one policy, or subscriber of such policy, shall be assessed or charged with an aggregate of contingent liability as to obligations incurred by a domestic reciprocal insurer in any one calendar year, in excess of the amount provided for in the power of attorney or in the subscribers' agreement, computed solely upon premium earned on such policy during that year.

Source: SL 1966, ch 111, ch 19, § 25.

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