S.D. Admin. R. 20:06:38:35

Current through Register Vol. 51, page 67, December 16, 2024
Section 20:06:38:35 - Generally recognized expense table - Approval

The director may approve any generally recognized expense table based on fully allocated expenses representing a significant portion of insurance companies if the expense table has been approved by the National Association of Insurance Commissioners and the director determines that the expense table provides adequate protection for the insurance buying public of this state.

S.D. Admin. R. 20:06:38:35

23 SDR 228, effective 7/1/1997.

General Authority: SDCL 58-33-5.1.

Law Implemented: SDCL 58-33-5.1.