S.D. Codified Laws § 58-5-33

Current through the 2024 Legislative Session

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

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.

SDCL 58-5-33

SL 1966, ch 111, ch 16, § 30 (2).