S.D. Admin. R. 20:06:37:06
An appointed actuary is a qualified actuary who is appointed or retained to prepare the statement of actuarial opinion required by this chapter either directly by or by the authority of the board of directors through an executive officer of the company. The company shall give the director timely written notice of the name, title, and, in the case of a consulting actuary, the name of the firms, and the manner of appointment or retention of each person appointed or retained by the company as an appointed actuary. The company must state in the notice that the person meets the requirements of § 20:06:37:05. The notice must state if any person appointed or retained as an appointed actuary replaces a previously appointed actuary, and give the reasons for replacement.
Once notice of an appointed actuary is furnished, no further notice is required; however, the company must give the director timely written notice if the actuary ceases to be appointed or retained as an appointed actuary or to meet the requirements in § 20:06:37:05.
S.D. Admin. R. 20:06:37:06
General Authority: SDCL 58-26-52.
Law Implemented: SDCL 58-26-46.