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Code · South Dakota · Title 58 · Chapter 58-5

58-5-29. Contingent liability of members of mutual insurer--Exception.

53 words·~1 min read·/sd/title-58/chapter-58-5/58-5-29

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Every member of a domestic mutual insurer shall, except as otherwise provided with respect to nonassessable policies, have only a prorata contingent liability for the discharge of its obligations, which contingent liability shall be expressed in the policy and be in such maximum amount as is specified in the insurer's articles of incorporation.
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