South Dakota § 58-11-27 Combination policy--Contents.

South Dakota Statutes

§ 58-11-27 — Combination policy--Contents.

South Dakota § 58-11-27

Title 58INSURANCE

Ch. 58-11FORM AND CONTENTS OF INSURANCE POLICIES

This text of South Dakota § 58-11-27 (Combination policy--Contents.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.D. Codified Laws § 58-11-27 (2026).

Text

Two or more insurers may, with the approval of the director, issue a combination policy which shall contain provisions substantially as follows:

(1)That the insurers executing the policy shall be severally liable for the full amount of any loss or damage, according to the terms of the policy, or for specified percentages or amounts thereof, aggregating the full amount of insurance under the policy; and (2) That service of process, or of any notice or proof of loss required by such policy, upon any of the insurers executing the policy, shall constitute service upon all such insurers.

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Two or more insurers may, with the approval of the director, issue a combination policy which shall contain provisions substantially as follows: (1) That the insurers executing the policy shall be severally liable for the full amount of any loss or damage, according to the terms of the policy, or for specified percentages or amounts thereof, aggregating the full amount of insurance under the policy; and (2) That service of process, or of any notice or proof of loss required by such policy, upon any of the insurers executing the policy, shall constitute service upon all such insurers.