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§ 58-34-62 Impairment of surplus--Deficiency to be made up.

SD Codified L § 58-34-62 (2019) (N/A)
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58-34-62. Impairment of surplus--Deficiency to be made up. If the assets of a reciprocal insurer are at any time insufficient to discharge its liabilities, other than any liability on account of funds contributed by the attorney or others, and to maintain the required surplus, its attorney shall forthwith make up the deficiency or levy an assessment upon the subscribers for the amount needed to make up the deficiency; but subject to the limitation set forth in the power of attorney or policy.

Source: SL 1966, ch 111, ch 19, § 30 (1).

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