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2019 South Dakota Codified Laws
Title 58 - Insurance
Chapter 05 - Organization And General Powers Of Insurers
§ 58-5-36 Lien of mutual insurer for levy of assessment for contingent liability.
Universal Citation: SD Codified L § 58-5-36 (2019)
58-5-36. Lien of mutual insurer for levy of assessment for contingent liability. If approved by the director of insurance as being in the best interests of the insurer and its members an assessment pursuant to § 58-5-32 after notice under that section may be secured by placing a lien upon the cash surrender value and accumulated dividends of any life insurance policy held by the insurer to the credit of such member.
Source: SL 1966, ch 111, ch 16, § 30 (5).
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