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2020 South Dakota Codified Laws
Title 58 - Insurance
Chapter 34 - Reciprocal Insurers
Section 58-34-14 - Surplus funds of domestic reciprocal insurer--Amounts required.
Universal Citation: SD Codified L § 58-34-14 (2020)
58-34-14. Surplus funds of domestic reciprocal insurer--Amounts required.
A domestic reciprocal insurer formed after June 30, 1966, may be authorized to transact insurance if it has otherwise complied with the applicable provisions of this title and has and thereafter maintains surplus funds as follows:
(1)To transact property insurance, surplus of not less than two hundred thousand dollars;
(2)To transact casualty insurance, without workers' compensation included, surplus of not less than two hundred thousand dollars; to transact casualty insurance, including workers' compensation, surplus of not less than three hundred thousand dollars.
Source: SL 1966, ch 111, ch 19, ยง8 (2).
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