State of South Dakota  
EIGHTY-EIGHTH SESSION
LEGISLATIVE ASSEMBLY, 2013  

661U0443   HOUSE BILL   NO.  1069  

Introduced by:    Representatives Rounds, Conzet, Cronin, Kirschman, and Solum and Senators Lederman, Begalka, Buhl, and Maher
 

        FOR AN ACT ENTITLED, An Act to increase the administrative assessment fee for the guarantee fund.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
    Section 1. That § 58-29A-76 be amended to read as follows:
    58-29A-76. In addition to any other assessments authorized by this chapter, the association may assess each member insurer an administrative assessment not to exceed one hundred fifty five hundred dollars per annum. The administrative assessment shall be made for the purpose of paying operating expenses of the association and its employees not directly attributable to any particular insolvency or insolvent insurer, and the administrative assessment may not be on a pro rata basis. The assessments are due not less than thirty days after prior written notice to the member insurer and shall accrue interest at ten percent per annum on and after the due date.

170 copies were printed on recycled paper by the South Dakota
Legislative Research Council at a cost of $.093 per page.   		.
   		Insertions into existing statutes are indicated by underscores.
Deletions from existing statutes are indicated by overstrikes.