Statutes, codes, and regulations
South Dakota Administrative Rules
Title 20 - PUBLIC SAFETYArticle 20:06 - INSURANCE
Chapter 20:06:38 - Life insurance illustrations
Section 20:06:38:24 - Annual certification - Disciplined current scale and illustrated scales

S.D. Admin. R. 20:06:38:24

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Current through Register Vol. 51, page 67, December 16, 2024
Section 20:06:38:24 - Annual certification - Disciplined current scale and illustrated scales
(1) The disciplined current scale used in illustrations is in conformity with standards contained in the Actuarial Standard of Practice No. 24 - Compliance with the NAIC Life Insurance Illustrations Model Regulation, effective March 31, 1996, to the extent that those standards are consistent with provisions of this chapter; and
(2) The illustrated scales used in insurer-authorized illustrations meet the requirements of this chapter.

S.D. Admin. R. 20:06:38:24

23 SDR 228, effective 7/1/1997; 26 SDR 26, effective 9/1/1999; 27 SDR 54, effective 12/4/2000; 30 SDR 39, effective 9/28/2003.

General Authority: SDCL 58-33-5.1.

Law Implemented: SDCL 58-33-5.1.

Actuarial Standards of Practice, American Academy of Actuaries. Copies may be obtained free of charge on the website: http://www.actuarialstandardsboard.org/asops.htm.