58-27-97. Excess transactions.
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/sd/title-58/chapter-58-27/58-27-97·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If an insurer exceeds any one category, the excess is nonadmitted and the director may require the company to increase capital and surplus to protect policyholders. The insurer's excess transaction is also subject to § 58-27-74 .