{"data":{"id":"us-sd/sdcl-58-25-23","jurisdiction":"us-sd","citation":"SDCL § 58-25-23","heading":"Reserves restored to net profits over twenty-year period--Amortization rate.","body":"The aggregate of the amounts set aside in this reserve in any calendar year pursuant to § 58-25-22 shall be released from the reserve and restored to net profits over a period of twenty years at an amortization rate not to exceed the following formula: thirty-five percent of the aggregate sum on July first of the year next succeeding the year of addition; fifteen percent of the aggregate sum on July first of each of the succeeding two years; ten percent of the aggregate sum on July first of the next succeeding year; three percent of the aggregate sum on July first of each of the next three succeeding years; two percent of the aggregate sum on July first of each of the next three succeeding years; and one percent of the aggregate sum on July first of each of the next succeeding ten years.","path":["TITLE 58. INSURANCE","CHAPTER 58-25. TITLE INSURANCE RATES AND POLICIES"],"source_url":"https://sdlegislature.gov/Statutes/58-25-23","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"dcd7060a947af153df83f94b33ec25da376f2914bab46c96c5ca7b59805c140d","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-58-25-22","next":"us-sd/sdcl-58-25-24"},"notice":"GroundRules: Original legal text. Not legal advice."}