An insurer may transact business on either a cash premium plan or on an assessment plan as provided for in its articles of incorporation or bylaws. Source: SL 1966, ch 111 , ch 17, § 6 (1).
Cash premium or assessment plan for transacting business
SDCL § 58-35-37 — under FARM MUTUAL INSURERS.
SDCL § 58-35-37