Section 58-5-33 - Amount of assessment by mutual insurer

58-5-33. Amount of assessment by mutual insurer.The assessment under §58-5-32 shall be in an amount to cure such deficiency and to provide a reasonable amount of working funds which shall not exceed five percent of the insurer's liabilities as of the date such deficiency was determined. Source: SL 1966, ch 111, ch 16, §30 (2).