S.D. Admin. R. 20:06:36:02

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

Section 20:06:36:02 - RBC levels defined

RBC levels are defined as follows:

(1) Company action level RBC is the product of 2.0 and its authorized control level RBC;

(2) Regulatory action level RBC is the product of 1.5 and its authorized control level RBC;

(3) Authorized control level RBC is the number determined under the risk-based capital formula in accordance with the RBC instructions;

(4) Mandatory control level RBC is the product of .70 and the authorized control level RBC.

S.D. Admin. R. 20:06:36:02

23 SDR 228, effective 7/3/1997.

General Authority: SDCL 58-4-48.

Law Implemented: SDCL 58-4-48.