ARSD 20:06:31:22

ARSD 20:06:31:22. Interest payments and amounts drawn in excess

Last amended: 2017Year: 2026Length: 69 wordsOfficial source

Cite as S.D. Admin. R. 20:06:31:22

Nothing contained in ยง 20:06:31:21 shall preclude the ceding insurer and assuming insurer from providing for: (1) An interest payment, at a rate not in excess of the prime rate of interest, on the amounts held pursuant to subdivision 20:06:31:21(2); or (2) The return of any amounts drawn down on the letters of credit in excess of the actual amounts required that are subsequently determined not to be due.
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