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South Dakota · Through 2026-08-31 · Newer source version available

SDCL § 58-34-36: Contingent assessment liability of subscriber.

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Where this section sits in the code
  1. TITLE 58. INSURANCE
  2. CHAPTER 58-34. RECIPROCAL INSURERS

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.

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

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