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Code · South Dakota · Title 58 · Chapter 58-13

58-13-4. Deduction for reinsurance or cosuretyship.

56 words·~1 min read·/sd/title-58/chapter-58-13/58-13-4

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Reinsurance ceded for which credit is allowed pursuant to chapter 58-14 shall be deducted in determining risk retained. As to surety risks, deductions shall also be made of the amount assumed by any established incorporated cosurety and the value of any security deposited, pledged, or held subject to the surety's consent and for the surety's protection.
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