Excess business defined.
Excess business is that portion of a risk which is in excess of the amount that an insurer then represented by the insurance producer will accept.
S.D. Codified Laws § 58-30-1.1
"Excess business" defined
Source: SL 1982, ch 365, § 6; SL 2001, ch 286, § 154.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.