South Dakota Codified Laws 58-25-27. Supplemental reserve to cover liabilities
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A supplemental reserve shall be established consisting of any other reserves necessary, when taken in combination with the reserves required by §§ 58-25-22 to 58-25-27, inclusive, to cover the company’s liabilities with respect to all losses, claims, and loss adjustment expenses.
Terms Used In South Dakota Codified Laws 58-25-27
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
Source: SL 2002, ch 239, § 6.