South Dakota § 58-14-16.12 - Reduction in allowable credit for insufficient security.
Full text of South Dakota South Dakota Codified Laws § 58-14-16.12 — Reduction in allowable credit for insufficient security., with citation guidance and answers to common questions.
§ 58-14-16.12. Reduction in allowable credit for insufficient security.
With respect to obligations incurred by a certified reinsurer under §§ 58-14-16.8 to 58-14-16.13, inclusive, if the security is insufficient, the director shall reduce the allowable credit by an amount proportionate to the deficiency and has the discretion to impose further reductions in allowable credit upon finding that there is a material risk the certified reinsurer' s obligations may not be paid in full when due.
Source: SL 2017, ch 211, § 23.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 58-14-16.12
What does South Dakota Codified Laws § 58-14-16.12 cover?
Section 58-14-16.12 ("Reduction in allowable credit for insufficient security.") is part of the South Dakota Codified Laws, the codified statutory law of South Dakota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Dakota § 58-14-16.12?
A common citation format is "South Dakota Codified Laws § 58-14-16.12" (South Dakota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Dakota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Dakota official source linked on this page or consult a licensed South Dakota attorney.
How does South Dakota § 58-14-16.12 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Dakota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Dakota.