South Dakota Statutes

§ 58-34-36 — Contingent assessment liability of subscriber.

South Dakota § 58-34-36
JurisdictionSouth Dakota
Title 58INSURANCE
Ch. 58-34RECIPROCAL INSURERS

This text of South Dakota § 58-34-36 (Contingent assessment liability of subscriber.) 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 § 58-34-36 (2026).

Text

Except as to a nonassessable policy, each subscriber shall have a contingent assessment liability, in the amount provided for in the power of attorney or in the subscribers' agreement, for payment of actual losses and expenses incurred while his policy was in force. Such contingent liability may be at the rate of not less than one nor more than ten times the premium or premium deposit stated in the policy, and the maximum aggregate thereof shall be computed in the manner set forth in § 58-34-43 .

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Legislative History

SL 1966, ch 111, ch 19, § 21 (2).

Nearby Sections

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Bluebook (online)
South Dakota § 58-34-36, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/58-34-36.