58-13-1. Maximum single risk assumed.
34 words·~1 min read·
/sd/title-58/chapter-58-13/58-13-1A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
No insurer shall retain any risk on any one subject of insurance, whether located or to be performed in this state or elsewhere, in an amount exceeding ten percent of its surplus to policyholders.