GroundRules
← Search the law
South Dakota · Through 2026-08-31 · Newer source version available

SDCL § 58-29A-81: Proration of payments when assets insufficient for full payment.

Read at publisher ↗
Where this section sits in the code
  1. TITLE 58. INSURANCE
  2. CHAPTER 58-29A. INSURANCE GUARANTY ASSOCIATION

If the maximum assessment, together with the other assets of the association in any account, does not provide in any one year in any account an amount sufficient to make all necessary payments from that account, the funds available shall be prorated and the unpaid portion shall be paid as soon thereafter as funds become available.

Collected 2026-09-03T15:18:57Z. Source file · JSON

Browse this collection