58-29B-89. Court to levy assessments--Amount.
90 words·~1 min read·
/sd/title-58/chapter-58-29/58-29b-89A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Upon the basis of the report provided in § 58-29B-88 , including any supplements and amendments thereto, the court may levy one or more assessments against all members of the insurer who are subject to assessment. Subject to any applicable legal limits on assessability, the aggregate assessment shall be for the amount that the sum of the probable liabilities, the expenses of administration, and the estimated cost of collection of the assessment, exceeds the value of existing assets, with due regard being given to assessments that cannot be collected economically.