LegalFix
Sign In

§ 58-20-19 Inadequacy of liability or compensation loss reserves--Maintenance of additional reserves required by director.

SD Codified L § 58-20-19 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

58-20-19. Inadequacy of liability or compensation loss reserves--Maintenance of additional reserves required by director. Whenever, in the judgment of the director, the liability or compensation loss reserves of any insurer under his supervision, calculated in accordance with the provisions of §§ 58-20-16 to 58-20-18, inclusive, are inadequate, he may require such insurer to maintain additional reserves based upon estimated individual claims or otherwise.

Source: SL 1966, ch 111, ch 29, § 3.

Previous Section
§ 58-20-18 Unallocated liability loss expense payments--Distribution schedule included in annual statement.
Next Section
§ 58-20-20 Annual statement--Inclusion of experience schedule.