South Dakota Codified Laws 58-13-1. Maximum single risk assumed
Current as of: 2023 | Check for updates
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No insurer shall retain any risk on any one subject of insurance, whether located or to be performed in this state or elsewhere, in an amount exceeding ten percent of its surplus to policyholders.
Terms Used In South Dakota Codified Laws 58-13-1
- State: when used in context signifying a jurisdiction other than the State of South Dakota, a state, the District of Columbia, a territory, commonwealth, or possession of the United States of America, or a province of the Dominion of Canada. See South Dakota Codified Laws 58-1-2
Source: SL 1966, ch 111, ch 4, § 11 (1).