There is a newer version of the South Dakota Codified Laws
2023
2022
2021
2020
2019
Other previous versions
View our newest version here

2011 South Dakota Code
Title 58 INSURANCE
Chapter 34. Reciprocal Insurers
§58-34-64 Liquidation of insurer ordered--Levy of assessment against subscribers.


SD Codified L § 58-34-64 (through 2011) What's This?

58-34-64. Liquidation of insurer ordered--Levy of assessment against subscribers. If liquidation of a reciprocal insurer is ordered, an assessment shall be levied upon the subscribers for such an amount, subject to limits as provided by this chapter, as the director determines to be necessary to discharge all liabilities of the insurer, exclusive of any funds contributed by the attorney or other persons, but including the reasonable cost of the liquidation.

Source: SL 1966, ch 111, ch 19, § 30 (3).

Disclaimer: These codes may not be the most recent version. South Dakota may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.