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

58-5-33. Amount of assessment by mutual insurer.

41 words·~1 min read·/sd/title-58/chapter-58-5/58-5-33

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

The assessment under § 58-5-32 shall be in an amount to cure such deficiency and to provide a reasonable amount of working funds which shall not exceed five percent of the insurer's liabilities as of the date such deficiency was determined.
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