58-26-62. Tables used for accidental death benefits.
The tables that shall be used for accidental death benefits in or supplementary to policies issued on or after January 1, 1966, are: the 1959 Accidental Death Benefits Table or any accidental death benefits table adopted after 1980 by the NAIC, that is approved by rules promulgated pursuant to chapter 1-26 by the director for use in determining the minimum standard of valuation for the policies; for policies issued on or after January 1, 1961, and prior to January 1, 1966, either table or, at the option of the company, the Inter-Company Double Indemnity Mortality Table; and for policies issued prior to January 1, 1961, the Inter-Company Double Indemnity Mortality Table. Either table shall be combined with a mortality table for calculating the reserves for life insurance policies.
Source: SL 1995, ch 284, §18; SL 2015, ch 254, §10.
Structure South Dakota Codified Laws
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 58-26-6 - Purchase money mortgage on real property--Restriction as to valuation.
Section 58-26-7 - Appraisal for valuation of other real property.
Section 58-26-9 - 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 58-26-34 - 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 58-26-40 - 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 58-26-46 - 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 58-26-55 - Confidentiality of material supporting opinion of qualified actuary.
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 58-26-71 - 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 58-26-76 - Valuation of reserves for certain annuity or pure endowment contracts.
Section 58-26-77 - Minimum aggregate reserves for life insurance policies.
Section 58-26-80 - Company's greater standard of valuation may be lowered with director approval.
Section 58-26-87 - Actuarial report and workpapers to support actuarial opinion.
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.