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2013 South Dakota Codified Laws
Title 58 - INSURANCE
Chapter 13 - Limit Of Risk Insured
§ 58-13-4 Deduction for reinsurance or cosuretyship.


SD Codified L § 58-13-4 (2013) What's This?

58-13-4. Deduction for reinsurance or cosuretyship. Reinsurance ceded for which credit is allowed pursuant to chapter 58-14 shall be deducted in determining risk retained. As to surety risks, deductions shall also be made of the amount assumed by any established incorporated cosurety and the value of any security deposited, pledged, or held subject to the surety's consent and for the surety's protection.

Source: SL 1966, ch 111, ch 4, § 11 (3).

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