S.D. Codified Laws § 58-35-35

Current through the 2024 Legislative Session
Section 58-35-35 - Maximum amount of insurance on single risk

The maximum amount of insurance which an insurer shall retain on a single risk, after deduction of applicable reinsurance, shall not exceed ten percent of the admitted assets of the insurer or ten thousand dollars, whichever is the larger amount.

SDCL 58-35-35

SL 1966, ch 111, ch 17, § 4 (1).