South Dakota Statutes

§ 58-13-4 — Deduction for reinsurance or cosuretyship.

South Dakota·Title 58 INSURANCE·Ch. 58-13 LIMIT OF RISK INSURED
Reinsurance ceded for which credit is allowed pursuant to chapter 58-14 shall be deducted in determining risk retained. As to surety risks, deductions shall also be made of the amount assumed by any established incorporated cosurety and the value of any security deposited, pledged, or held subject to the surety's consent and for the surety's protection.

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South Dakota § 58-13-4 (Deduction for reinsurance or cosuretyship.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

SL 1966, ch 111, ch 4, § 11 (3).

Nearby Sections

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