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.
S.D. Codified Laws § 58-20-19
Inadequacy of liability or compensation loss reserves--Maintenance of additional reserves required by director
Source: SL 1966, ch 111, ch 29, § 3.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.