South Dakota Codified Laws 58-14-8. Credit allowed for reinsurance if assuming insurer licensed in state
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Credit shall be allowed if the reinsurance is ceded to an assuming insurer which is licensed to transact insurance or reinsurance in this state.
Terms Used In South Dakota Codified Laws 58-14-8
- State: when used in context signifying a jurisdiction other than the State of South Dakota, a state, the District of Columbia, a territory, commonwealth, or possession of the United States of America, or a province of the Dominion of Canada. See South Dakota Codified Laws 58-1-2
Source: SL 1992, ch 344, § 2.