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Code · South Dakota · Title 58 · Chapter 58-11

58-11-1. Premium defined.

54 words·~1 min read·/sd/title-58/chapter-58-11/58-11-1·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Premium is the consideration for insurance by whatever name called. Any assessment, or any membership, policy, survey, inspection, service, or similar fee or other charge in consideration for an insurance contract is deemed part of the premium. However, the premium for title insurance shall be the rates filed and approved in § 58-25-7 .
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