South Dakota § 58-34-62 - Impairment of surplus--Deficiency to be made up.
Full text of South Dakota South Dakota Codified Laws § 58-34-62 — Impairment of surplus--Deficiency to be made up., with citation guidance and answers to common questions.
§ 58-34-62. Impairment of surplus--Deficiency to be made up.
If the assets of a reciprocal insurer are at any time insufficient to discharge its liabilities, other than any liability on account of funds contributed by the attorney or others, and to maintain the required surplus, its attorney shall forthwith make up the deficiency or levy an assessment upon the subscribers for the amount needed to make up the deficiency; but subject to the limitation set forth in the power of attorney or policy.
Source: SL 1966, ch 111, ch 19, § 30 (1).
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 58-34-62
What does South Dakota Codified Laws § 58-34-62 cover?
Section 58-34-62 ("Impairment of surplus--Deficiency to be made up.") 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 § 58-34-62?
A common citation format is "South Dakota Codified Laws § 58-34-62" (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 § 58-34-62 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.