58-13-5. Chapter inapplicable when maximum possible loss not ascertainable.
This chapter shall not apply to life or health insurance, annuities, title insurance, insurance of wet marine and transportation risks, workers' compensation insurance, employer's liability coverages, nor to any policy or type of coverage as to which the maximum possible loss to the insurer is not readily ascertainable on issuance of the policy.
Source: SL 1966, ch 111, ch 4, ยง11 (6).
Structure South Dakota Codified Laws
Chapter 13 - Limit Of Risk Insured
Section 58-13-1 - Maximum single risk assumed.
Section 58-13-2 - Subject of insurance defined.
Section 58-13-3 - Surplus to policyholders defined.
Section 58-13-4 - Deduction for reinsurance or cosuretyship.
Section 58-13-5 - Chapter inapplicable when maximum possible loss not ascertainable.