South Dakota Codified Laws 58-26-31. Reserve for outstanding losses under liability insurance and workers’compensation
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An insurer shall maintain a reserve for outstanding losses under insurance against loss or damage from accident to or injuries suffered by an employee or other person and for which the insured is liable and which shall be computed as provided by §§ 58-26-32 to 58-26-35, inclusive.
Terms Used In South Dakota Codified Laws 58-26-31
- Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
Source: SL 1966, ch 111, ch 5, § 8.