South Dakota Codified Laws 58-35-35. Maximum amount of insurance on single risk
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The maximum amount of insurance which an insurer shall retain on a single risk, after deduction of applicable reinsurance, shall not exceed ten percent of the admitted assets of the insurer or ten thousand dollars, whichever is the larger amount.
Terms Used In South Dakota Codified Laws 58-35-35
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
Source: SL 1966, ch 111, ch 17, § 4 (1).