South Dakota § 58-29A-75 Allocation of claims, expenses, and assessments to separate accounts--Operating expenses excepted.

South Dakota Statutes

§ 58-29A-75 — Allocation of claims, expenses, and assessments to separate accounts--Operating expenses excepted.

South Dakota § 58-29A-75

Title 58INSURANCE

Ch. 58-29AINSURANCE GUARANTY ASSOCIATION

This text of South Dakota § 58-29A-75 (Allocation of claims, expenses, and assessments to separate accounts--Operating expenses excepted.) 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 § 58-29A-75 (2026).

Text

The association shall allocate claims paid and expenses incurred among the three accounts separately, and assess member insurers separately for each account amounts necessary to pay the obligations of the association under § 58-29A-68 subsequent to an insolvency, the expenses of handling covered claims subsequent to an insolvency, the cost of examinations under § 58-29A-63 and other expenses authorized by this chapter, except that expenses paid from assessments authorized by § 58-29A-76 need not be allocated to any particular account.

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The association shall allocate claims paid and expenses incurred among the three accounts separately, and assess member insurers separately for each account amounts necessary to pay the obligations of the association under § 58-29A-68 subsequent to an insolvency, the expenses of handling covered claims subsequent to an insolvency, the cost of examinations under § 58-29A-63 and other expenses authorized by this chapter, except that expenses paid from assessments authorized by § 58-29A-76 need not be allocated to any particular account.