Termination of the policy of any member of a domestic mutual insurer shall not relieve him of contingent liability for his prorata share, if any, of the obligations of the insurer which accrued while the policy was in force.
S.D. Codified Laws § 58-5-30
Contingent liability of member of mutual insurer not terminated by termination of policy
Source: SL 1966, ch 111, ch 16, § 29 (2).
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.