S.D. Admin. R. 20:06:08:46
For any ordinary life insurance policy delivered or issued for delivery in South Dakota after December 31, 2003, that utilizes that same premium rates and charges for male and female lives or is issued in circumstances where applicable law does not permit distinctions on the basis of gender, a mortality table that is a blend of the 2001 CSO Mortality Table (M) and the 2001 CSO Mortality Table (F) may, at the option of the insurer for each plan of insurance, be substituted for the 2001 CSO Mortality Table for use in determining minimum cash surrender values and amounts of paid-up nonforfeiture benefits. No change in minimum valuation standards is implied by this rule. The insurer may choose from among the blended tables comprising the 2001 CSO Mortality Table. It is not, in and of itself, a violation of SDCL 58-33-12 for an insurer to issue the same kind of policy of life insurance on both a sex-distinct and sex-neutral basis.
S.D. Admin. R. 20:06:08:46
General Authority: SDCL 58-26-57.
Law Implemented: SDCL 58-26-57.