Any unrealized contingent liability of members shall not constitute an asset of the insurer in any determination of its financial condition.
S.D. Codified Laws § 58-5-31
Unrealized contingent liability of members of mutual not an asset of insurer
Source: SL 1966, ch 111, ch 16, § 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.