S.D. Admin. R. 20:06:30:03

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

Section 20:06:30:03 - Certain assets allowed to be held without segregation

Notwithstanding the requirements of subdivision 20:06:30:02(7), the assets supporting the reserves for the following classes of business and any classes of business which do not have a significant credit quality, reinvestment, or disintermediation risk may be held by the ceding company without segregation:

(1) Health insurance - Long term care/Long term disability;

(2) Traditional nonpar permanent;

(3) Traditional par permanent;

(4) Adjustable premium permanent;

(5) Indeterminate premium permanent; and

(6) Universal life fixed premium, no dump-in premiums allowed.

S.D. Admin. R. 20:06:30:03

22 SDR 52, effective 10/25/1995.

General Authority: SDCL 58-14-17.

Law Implemented: SDCL 58-14-17.