S.D. Admin. R. 20:06:03:34

Current through Register Vol. 51, page 67, December 16, 2024

Section 20:06:03:34 - Restatement of accounts

If action is to be taken with respect to the restatement of any asset, capital, or surplus of the insurer, the solicitor shall furnish the following information:

(1) The nature of the restatement and the date as of which it is to be effective;

(2) The reasons for the restatement and for the selection of the particular effective date;

(3) The name and amount of each account affected by the restatement and the effect of the restatement thereon.

S.D. Admin. R. 20:06:03:34

SL 1975, ch 16, § 1; 12 SDR 151, 12 SDR 155, effective 7/1/1986.

General Authority: SDCL 58-4-1, 58-5-49.

Law Implemented: SDCL 58-5-49.