Section 58-26-30 - Reserve requirements for health insurance. - South Dakota Statutes

58-26-30. Reserve requirements for health insurance. For all health insurance policies the insurer shall maintain an active life reserve which shall place a sound value on its liabilities under such policies and be not less than the reserve according to appropriate standards set forth in regulations issued by the director and, in no event, less in the aggregate than the prorata gross unearned premiums for such policies.

Source: SL 1966, ch 111, ch 5, § 7.