South Dakota Statutes

§ 58-34-64 — Liquidation of insurer ordered--Levy of assessment against subscribers.

South Dakota § 58-34-64
JurisdictionSouth Dakota
Title 58INSURANCE
Ch. 58-34RECIPROCAL INSURERS

This text of South Dakota § 58-34-64 (Liquidation of insurer ordered--Levy of assessment against subscribers.) 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 § 58-34-64 (2026).

Text

If liquidation of a reciprocal insurer is ordered, an assessment shall be levied upon the subscribers for such an amount, subject to limits as provided by this chapter, as the director determines to be necessary to discharge all liabilities of the insurer, exclusive of any funds contributed by the attorney or other persons, but including the reasonable cost of the liquidation.

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Legislative History

SL 1966, ch 111, ch 19, § 30 (3).

Nearby Sections

15
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Bluebook (online)
South Dakota § 58-34-64, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/58-34-64.