An assessment levied upon subscribers, and not collected, shall not be allowed as an asset. Source: SL 1966, ch 111 , ch 19, § 18 (5).
Uncollected assessments not allowed as assets
SDCL § 58-34-56 — under RECIPROCAL INSURERS.
SDCL § 58-34-56
SDCL § 58-34-56 — under RECIPROCAL INSURERS.
SDCL § 58-34-56
An assessment levied upon subscribers, and not collected, shall not be allowed as an asset. Source: SL 1966, ch 111 , ch 19, § 18 (5).