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·Title 58 INSURANCE·Ch. 58-29A INSURANCE GUARANTY ASSOCIATION

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.

South Dakota § 58-29A-75 (Allocation of claims, expenses, and assessments to separate accounts--Operating expenses excepted.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.