S.D. Codified Laws § 58-13-1

Current through the 2024 Legislative Session

Section 58-13-1 - Maximum single risk assumed

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.

SDCL 58-13-1

SL 1966, ch 111, ch 4, § 11 (1).