58-11-3. Statement of basis and rates for determination of premium included in policy.
41 words·~1 min read·
/sd/title-58/chapter-58-11/58-11-3·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If under the policy, the exact amount of premium is determinable only at stated intervals or at termination of the contract, a statement of the basis and rates upon which the premium is to be determined and paid shall be included.