South Dakota Codified Laws
Chapter 26 - Valuation Of Assets, Liabilities And Reserves
Section 58-26-38 - Unearned premium reserve--Computation on a prorata basis.

South Dakota Codified Laws

Title 58 - Insurance

Chapter 26 - Valuation Of Assets, Liabilities And Reserves

Section 58-26-1 - Assets allowed in determination of financial condition.

Section 58-26-2 - Valuation of bonds or other evidences of debt--Method of calculation.

Section 58-26-3 - Valuation of securities other than evidences of debt.

Section 58-26-4 - Preferred or guaranteed stocks--Method of computing value approved by director.

Section 58-26-5 - Real property acquired pursuant to mortgage loan or contract for sale--Restriction as to valuation.

Section 58-26-6 - Purchase money mortgage on real property--Restriction as to valuation.

Section 58-26-7 - Appraisal for valuation of other real property.

Section 58-26-8 - Personal property acquired pursuant to chattel mortgage--Restriction as to valuation.

Section 58-26-9 - Valuation not to be inconsistent with approved method.

Section 58-26-10 - Assets not allowed in determining financial condition.

Section 58-26-10.1 - Radio and television facilities allowable as assets.

Section 58-26-11 - Capital stock and liabilities chargeable against assets.

Section 58-26-12 - Assets allowed as deductions from corresponding liabilities.

Section 58-26-13.1 - Actuarial opinion of property, casualty, and health insurers.

Section 58-26-13.2 - Time limit for compliance with actuary opinion requirements.

Section 58-26-30 - Reserve requirements for health insurance.

Section 58-26-31 - Reserve for outstanding losses under liability insurance and workers' compensation.

Section 58-26-32 - Reserve for workers' compensation claims under policies written in three years preceding.

Section 58-26-33 - Reserve for workers' compensation claims under policies written more than three years preceding.

Section 58-26-34 - Reserve for liability policies written during three years preceding.

Section 58-26-35 - Maintaining a reserve for outstanding losses under credit insurance policies.

Section 58-26-36 - Unearned premium reserve--Insurers required to maintain.

Section 58-26-37 - Unearned premium reserve--Computation--Use of table.

Section 58-26-38 - Unearned premium reserve--Computation on a prorata basis.

Section 58-26-39 - Change in method of computation of unearned premium reserve--Approval of director required.

Section 58-26-40 - Unearned premium reserve provisions inapplicable to title insurance.

Section 58-26-41 - Unearned premium reserve on marine and transportation insurance.

Section 58-26-43 - Increase of inadequate reserves.

Section 58-26-44 - Application of chapter.

Section 58-26-44.1 - Definition of terms in §§ 58-26-45 to 58-26-105.

Section 58-26-45 - Valuation of reserve liabilities for policies and contracts issued before operative date of valuation manual--Calculating reserves.

Section 58-26-45.1 - Adoption of NAIC valuation manual of instruction--Valuation of reserve liabilities for contracts issued after operative date of valuation manual.

Section 58-26-46 - Annual opinion of qualified actuary required--Promulgation of rules.

Section 58-26-47 - Opinion required as to adequacy of reserves to provide for company's obligations.

Section 58-26-48 - Promulgation of rules for establishing higher reserves.

Section 58-26-49 - Form and substance of actuary's opinion.

Section 58-26-50 - Provisions governing submission of actuary's opinion.

Section 58-26-51 - Opinion submitted by foreign or alien company.

Section 58-26-52 - Qualified actuary defined.

Section 58-26-53 - Liability of qualified actuary.

Section 58-26-54 - Promulgation of rules defining disciplinary action against company or qualified actuary.

Section 58-26-55 - Confidentiality of material supporting opinion of qualified actuary.

Section 58-26-55.1 - Opinion of actuary on reserves and related actuarial items to be in accordance with valuation manual.

Section 58-26-56 - Minimum standard for valuation of policies and contracts.

Section 58-26-57 - Mortality tables used for ordinary life insurance policies.

Section 58-26-58 - Mortality tables used for industrial life insurance policies.

Section 58-26-59 - Mortality tables used for individual annuity and pure endowment contracts.

Section 58-26-60 - Mortality tables used for group annuity and pure endowment contracts.

Section 58-26-61 - Disability tables used for total and permanent disability.

Section 58-26-62 - Tables used for accidental death benefits.

Section 58-26-63 - Tables to be approved by director.

Section 58-26-64 - Minimum standard of valuation for individual annuity and pure endowment contracts and group annuity and pure endowment contracts on or after July 1, 1995.

Section 58-26-65 - Tables used for individual annuity and pure endowment contracts issued prior to July 1, 1978--Interest.

Section 58-26-66 - Tables used for individual single premium immediate annuity contracts issued on or after July 1, 1978--Interest.

Section 58-26-67 - Tables used for individual annuity and pure endowment contracts issued on or after July 1, 1978--Interest.

Section 58-26-68 - Tables used for annuities and pure endowments purchased under group contracts prior to July 1, 1978--Interest.

Section 58-26-69 - Tables used for annuities and pure endowments purchased under group contracts after July 1, 1978--Interest.

Section 58-26-70 - Written notice of election to comply with provisions of §§ 58-26-64 to 58-26-69, inclusive--Operative date.

Section 58-26-71 - Calendar year statutory valuation interest rates defined.

Section 58-26-72 - Weighting factors.

Section 58-26-73 - Reference interest rate defined.

Section 58-26-74 - Alternative method for determination of reference interest rate.

Section 58-26-75 - Valuation of reserves--Policies providing for uniform amount of insurance and requiring payment of uniform premiums--Policies providing varying amounts of insurance or varying premiums--Certain group annuity and pure endowment cont...

Section 58-26-76 - Valuation of reserves for certain annuity or pure endowment contracts.

Section 58-26-77 - Minimum aggregate reserves for life insurance policies.

Section 58-26-78 - Standards for calculating reserves for policies and contracts issued prior to July 1, 1995.

Section 58-26-79 - Standards for calculating reserves for policies, contracts or benefits issued on or after July 1, 1995.

Section 58-26-80 - Company's greater standard of valuation may be lowered with director approval.

Section 58-26-81 - Determining minimum reserve when gross premium charged is less than the valuation net premium.

Section 58-26-82 - Application of §§ 58-26-75 and 58-26-81 to certain life insurance policies issued on or after January 1, 1986.

Section 58-26-83 - Requirements for reserves for life insurance providing for future premium determination or for reserves undeterminable under methods in § 58-26-75, 58-26-76, 58-26-81, or 58-26-82.

Section 58-26-84 - Promulgation of rules for minimum standards applicable to health plans issued on or after July 1, 1995 and before operative date of valuation manual.

Section 58-26-86 - Actuarial opinion summary to be filed with property, casualty, and health insurers' annual statement.

Section 58-26-87 - Actuarial report and workpapers to support actuarial opinion.

Section 58-26-88 - Preparation of supporting actuarial report or workpapers upon insurer's failure to provide acceptable supporting documents.

Section 58-26-89 - Statement of actuarial opinion to be filed with annual statement--Public document.

Section 58-26-90 - Confidentiality of actuarial report, workpapers, or actuarial opinion summary provided in support of opinion.

Section 58-26-91 - Minimum standard of valuation for policies issued on or after operative date of valuation manual.

Section 58-26-92 - Prerequisites for adoption of NAIC valuation manual of instruction.

Section 58-26-93 - Adoption of change to valuation manual.

Section 58-26-94 - Specifications required for adoption of valuation manual.

Section 58-26-95 - Exceptions to valuation manual requirements.

Section 58-26-96 - Qualified actuary engaged by director or by official of another state.

Section 58-26-97 - Required change in assumption or method and adjustment of reserves.

Section 58-26-98 - Reserves to be established using principle-based valuation--Conditions.

Section 58-26-99 - Procedures, controls and report regarding principle-based valuation.

Section 58-26-100 - Prescribed formulaic reserve component.

Section 58-26-101 - Data to be submitted as prescribed in valuation manual.

Section 58-26-102 - Confidential information defined.

Section 58-26-103 - Confidential information privileged--Use and sharing.

Section 58-26-104 - Exceptions to confidentiality of information.

Section 58-26-105 - Exemption of certain forms or product lines of domestic insurer.