{"data":{"id":"us-sd/sdcl-58-26-37","jurisdiction":"us-sd","citation":"SDCL § 58-26-37","heading":"Unearned premium reserve--Computation--Use of table.","body":"The director may require that reserves required by § 58-26-36 shall be equal to the unearned portions of the gross premiums in force after deducting applicable reinsurance in solvent insurers as computed on each respective risk from the policy's date of issue. If the director does not so require, the portions of the gross premium in force, less applicable reinsurance in solvent insurers, to be held as an unearned premium reserve, shall be computed according to the following table:\nTerm for which policy was written | Reserve for unearned premium\n1 Year or less | 1/2\n2 Years | 1st Year | 3/4\n2nd Year | 1/4\n3 Years | 1st Year | 5/6\n2nd Year | 1/2\n3rd Year | 1/6\n4 Years | 1st Year | 7/8\n2nd Year | 5/8\n3rd Year | 3/8\n4th Year | 1/8\n5 Years | 1st Year | 9/10\n2nd Year | 7/10\n3rd Year | 1/2\n4th Year | 3/10\n5th Year | 1/10\nOver 5 Years | Pro Rata","path":["TITLE 58. INSURANCE","CHAPTER 58-26. VALUATION OF ASSETS, LIABILITIES AND RESERVES"],"source_url":"https://sdlegislature.gov/Statutes/58-26-37","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"d9c221a185111a0991ab4953b07e5a49705241ec2707ed740ab2ba84e3517297","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-58-26-36","next":"us-sd/sdcl-58-26-38"},"notice":"GroundRules: Original legal text. Not legal advice."}