58-26-31. Reserve for outstanding losses under liability insurance and workers' compensation.
48 words·~1 min read·
/sd/title-58/chapter-58-26/58-26-31·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
An insurer shall maintain a reserve for outstanding losses under insurance against loss or damage from accident to or injuries suffered by an employee or other person and for which the insured is liable and which shall be computed as provided by §§ 58-26-32 to 58-26-35 , inclusive.