S.D. Admin. R. 20:06:19:04

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

Section 20:06:19:04 - Accounting standards for transactions in exchange-traded call and put options

An insurance company that buys or sells exchange-traded call and put options shall record the details of the transactions in a manner consistent with National Association of Insurance Commissioners (NAIC) rules and procedures contained in the 2023 edition of the Annual Statement Instructions - Life, Accident, and Health/Fraternal, the 2023 edition of the Annual Statement Instructions - Property and Casualty, the 2024 edition of the Financial Condition Examiners Handbook, the 2024 edition of the Accounting Practices and Procedures Manual, and the 2023 edition of the Purposes and Procedures Manual of the NAIC Investment Analysis Office.

13 SDR 75, effective 12/21/1986; 22 SDR 110, effective 3/1/1996; 23 SDR 43, effective 10/1/1996; 25 SDR 13, effective 8/9/1998; 26 SDR 26, effective 9/1/1999; 27 SDR 54, effective 12/4/2000; 27 SDR 111, effective 5/7/2001; 30 SDR 39, effective 9/28/2003; 33 SDR 59, effective 10/5/2006; 34 SDR 271, effective 5/6/2008; 35 SDR 165, effective 12/22/2008; 36 SDR 209, effective 7/1/2010; 37 SDR 241, effective 7/1/2011; 38 SDR 219, effective 6/25/2012; 39 SDR 219, effective 6/26/2013; 41 SDR 41, effective 9/17/2014; 42 SDR 52, effective 10/13/2015; 42 SDR 177, effective 6/28/2016; 43 SDR 181, effective 7/7/2017; 45 SDR 010, effective 8/1/2018; 46 SDR 026, effective 9/4/2019; 46 SDR 146, effective 7/2/2020; 47 SDR 137, effective 6/28/2021; 49 SDR 009, effective 8/9/2022; 50 SDR 013, effective 8/10/2023; 50 SDR 157, effective 7/1/2024

General Authority: SDCL 58-27-7.

Law Implemented: SDCL 58-6-75.

1. Annual Statement Instructions - Life, Accident and Health/Fraternal, 2023 edition, National Association of Insurance Commissioners. Cost: $183. 2. Annual Statement Instructions - Property and Casualty, 2023 edition, National Association of Insurance Commissioners. Cost: $183. 3. Accounting Practices and Procedures Manual, 2024 edition, National Association of Insurance Commissioners. Cost: Hard Copy, $550. 4. Financial Condition Examiners Handbook, 2024 edition, National Association of Insurance Commissioners. Cost: $360. 5. Purposes and Procedures Manual of the NAIC Investment Analysis Office, 2023 edition, National Association of Insurance Commissioners. Cost: $0. Copies of references 1 through 5 may be obtained from the National Association of Insurance Commissioners, 1100 Walnut Street, Ste. 1500, Kansas City, MO 64106-2197, (816) 783-8300; http://www.naic.org.