South Dakota Statutes

§ 58-32-34 — Liability of insurer as to losses and unearned premiums.

South Dakota § 58-32-34
JurisdictionSouth Dakota
Title 58INSURANCE
Ch. 58-32SURPLUS LINE INSURANCE

This text of South Dakota § 58-32-34 (Liability of insurer as to losses and unearned premiums.) 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 § 58-32-34 (2026).

Text

As to a surplus line risk which has been assumed by an unauthorized insurer and for which the premium has been received by the surplus line broker who placed such insurance, the insurer shall be deemed to have received the premium due to it for such coverage, and for unearned premiums which may become payable to the insured upon cancellation of such insurance, whether or not the broker is indebted to the insurer with respect to such insurance or for any other cause.

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Legislative History

SL 1966, ch 111, ch 11, § 11 (1).

Nearby Sections

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Bluebook (online)
South Dakota § 58-32-34, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/58-32-34.