58-25-27. Supplemental reserve to cover liabilities.
42 words·~1 min read·
/sd/title-58/chapter-58-25/58-25-27·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A supplemental reserve shall be established consisting of any other reserves necessary, when taken in combination with the reserves required by §§ 58-25-22 to 58-25-27 , inclusive, to cover the company's liabilities with respect to all losses, claims, and loss adjustment expenses.