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2020 South Dakota Codified Laws
Title 58 - Insurance
Chapter 34 - Reciprocal Insurers
Section 58-34-15 - Additional expendable surplus required of new insurer.
Universal Citation: SD Codified L § 58-34-15 (2020)
58-34-15. Additional expendable surplus required of new insurer.
In addition to surplus required to be maintained under §58-34-14, a domestic reciprocal insurer formed after June 30, 1966, shall have, when first authorized to transact insurance, expendable surplus equal to not less than one-half of the minimum amount of surplus required to be maintained.
Source: SL 1966, ch 111, ch 19, §8 (3).
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