South Dakota Statutes
§ 58-26-37 — Unearned premium reserve--Computation--Use of table.
The director may require that reserves required by § 58-26-36 shall be equal to the unearned portions of the gross premiums in force after deducting applicable reinsurance in solvent insurers as computed on each respective risk from the policy's date of issue. If the director does not so require, the portions of the gross premium in force, less applicable reinsurance in solvent insurers, to be held as an unearned premium reserve, shall be computed according to the following table: Term for which policy was written Reserve for unearned premium 1 Year or less 1/2 2 Years 1st Year 3/4 2nd Year 1/4 3 Years 1st Year 5/6 2nd Year 1/2 3rd Year 1/6 4 Years 1st Year 7/8 2nd Year 5/8 3rd Year 3/8 4th Year 1/8 5 Years 1st Year 9/10 2nd Year 7/10 3rd Year 1/2 4th Year 3/10 5th Year 1/10 Over 5 Years P
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South Dakota § 58-26-37 (Unearned premium reserve--Computation--Use of table.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 1966, ch 111, ch 5, § 5 (2).
Nearby Sections
15
§ 58-1-1
Citation of title.§ 58-1-11
General saving clause.§ 58-1-13
Severability of provisions.§ 58-1-14
Notice of nonrenewal of policy must be mailed sixty days prior to renewal date--Exceptions.§ 58-1-14.1
Notice of refusal to renew--Thirty§ 58-1-16.1
Applicability of §§ 58-1-18
Repealed by SL 2012, ch 252, § 30.§ 58-1-2
Definition of terms.