State Codes and Statutes

Statutes > South-dakota > Title-58 > Chapter-20 > Statute-58-20-19

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.

State Codes and Statutes

Statutes > South-dakota > Title-58 > Chapter-20 > Statute-58-20-19

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.