South Dakota § 58-26-37 - Unearned premium reserve--Computation--Use of table.
Full text of South Dakota South Dakota Codified Laws § 58-26-37 — Unearned premium reserve--Computation--Use of table., with citation guidance and answers to common questions.
§ 58-26-37. Unearned premium reserve--Computation--Use of table.
The director may require that reserves required by § 58-26-36 shall be equal to the unearned portions of the gross premiums in force after deducting applicable reinsurance in solvent insurers as computed on each respective risk from the policy's date of issue. If the director does not so require, the portions of the gross premium in force, less applicable reinsurance in solvent insurers, to be held as an unearned premium reserve, shall be computed according to the following table:
Term for which policy was written
Reserve for unearned premium
1 Year or less
1/2
2 Years
1st Year
3/4
2nd Year
1/4
3 Years
1st Year
5/6
2nd Year
1/2
3rd Year
1/6
4 Years
1st Year
7/8
2nd Year
5/8
3rd Year
3/8
4th Year
1/8
5 Years
1st Year
9/10
2nd Year
7/10
3rd Year
1/2
4th Year
3/10
5th Year
1/10
Over 5 Years
Pro Rata
Source: SL 1966, ch 111, ch 5, § 5 (2).
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 58-26-37
What does South Dakota Codified Laws § 58-26-37 cover?
Section 58-26-37 ("Unearned premium reserve--Computation--Use of table.") 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 § 58-26-37?
A common citation format is "South Dakota Codified Laws § 58-26-37" (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 § 58-26-37 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.