S.D. Admin. R. 20:06:59:01

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

Section 20:06:59:01 - Valuation manual - operative date

The valuation of reserve liabilities for life insurance contracts, annuity and pure endowment contracts, accident and health contracts, and deposit-type contracts must be calculated in accordance with the standards in the Valuation Manual of the National Association of Insurance Commissioners, 2024 edition. The operative date for the valuation manual is January 1, 2024.

S.D. Admin. R. 20:06:59:01

43 SDR 80, effective 12/5/2016; 45 SDR 010, effective 8/1/2018; 46 SDR 026, effective 9/4/2019; 46 SDR 146, effective 7/2/2020; 47 SDR 137, effective 6/28/2021; 49 SDR 009, effective 8/9/2022; 50 SDR 013, effective 8/10/2023; 50 SDR 157, effective 7/1/2024

General Authority: SDCL 58-26-45.1.

Law Implemented: SDCL 58-26-44.1(11), 58-26-45.1.

Valuation Manual of the National Association of Insurance Commissioners, 2024 edition, National Association of Insurance Commissioners (NAIC). Copies may be obtained from the NAIC, 1100 Walnut Street, Ste. 1500, Kansas City, MO 64106-2197, (816) 783-8300; http://www.naic.org. Cost: $0.