58-30-1.   Repealed by SL 2004, ch 295, § 4



SDLRC - Codified Law 58-30-1 - 58-30-1. Repealed by SL 2004, ch 295, § 4

58-30-1.1. Excess business defined.

Excess business is that portion of a risk which is in excess of the amount that an insurer then represented by the insurance producer will accept.

Source: SL 1982, ch 365, § 6; SL 2001, ch 286, § 154.



SDLRC - Codified Law 58-30-1 - 58-30-1. Repealed by SL 2004, ch 295, § 4

58-30-1.2. Rejected business defined.

Rejected business is a risk that an insurer then represented by the insurance producer has rejected for underwriting reasons, or is willing to accept only on a substandard basis; but which business will be accepted and issued by another authorized insurer at a lower rate.

Source: SL 1982, ch 365, § 7; SL 2001, ch 286, § 155.