58-32-17. Conditions for export--Amount not procurable from authorized insurers.
The full amount of insurance required must not be procurable, after diligent effort has been made to do so, from insurers authorized to transact and actually writing that kind and class of insurance in this state, and the amount of insurance exported shall be only the excess over the amount procurable from authorized insurers.
Source: SL 1966, ch 111, ch 11, §4 (2).