58-34-40. Earned premiums, computation for purpose of assessments.In computing the earned premiums for the purposes of §58-34-39, the gross premium received by the insurer for the policy shall be used as a base, deducting therefrom solely charges not recurring upon the renewal or extension of the policy. Source: SL 1966, ch 111, ch 19, §23 (3).
South Dakota Legal Code