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2019 South Dakota Codified Laws
Title 58 - Insurance
Chapter 05 - Organization And General Powers Of Insurers
§ 58-5-33 Amount of assessment by mutual insurer.
Universal Citation: SD Codified L § 58-5-33 (2019)
58-5-33. Amount of assessment by mutual insurer. The assessment under § 58-5-32 shall be in an amount to cure such deficiency and to provide a reasonable amount of working funds which shall not exceed five percent of the insurer's liabilities as of the date such deficiency was determined.
Source: SL 1966, ch 111, ch 16, § 30 (2).
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