58-29A-75. Allocation of claims, expenses, and assessments to separate accounts--Operating expenses excepted.
80 words·~1 min read·
/sd/title-58/chapter-58-29/58-29a-75·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The association shall allocate claims paid and expenses incurred among the three accounts separately, and assess member insurers separately for each account amounts necessary to pay the obligations of the association under § 58-29A-68 subsequent to an insolvency, the expenses of handling covered claims subsequent to an insolvency, the cost of examinations under § 58-29A-63 and other expenses authorized by this chapter, except that expenses paid from assessments authorized by § 58-29A-76 need not be allocated to any particular account.