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Statutes > South Dakota Laws > Title 58 - INSURANCE > Chapter 05 - Organization And General Powers Of Insurers > Section 58-5-31 - Unrealized contingent liability of members of mutual not an asset of insurer.

STATE STATUTES & CODES

SOUTH DAKOTA STATUTES AND CODES

Section 58-5-31 - Unrealized contingent liability of members of mutual not an asset of insurer.

58-5-31. Unrealized contingent liability of members of mutual not an asset of insurer. Any unrealized contingent liability of members shall not constitute an asset of the insurer in any determination of its financial condition.

Source: SL 1966, ch 111, ch 16, § 29 (3).

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