South Dakota Administrative Rules
Title 20 - PUBLIC SAFETY
Article 20:06 - INSURANCE
Chapter 20:06:30 - Life and health reinsurance
Section 20:06:30:03 - Certain assets allowed to be held without segregation
Universal Citation: SD Admin Rules 20:06:30:03
Current through Register Vol. 50, page 114, March 25, 2024
Notwithstanding the requirements of subdivision 20:06:30:02(7), the assets supporting the reserves for the following classes of business and any classes of business which do not have a significant credit quality, reinvestment, or disintermediation risk may be held by the ceding company without segregation:
(1) Health insurance - Long term care/Long term disability;
(2) Traditional nonpar permanent;
(3) Traditional par permanent;
(4) Adjustable premium permanent;
(5) Indeterminate premium permanent; and
(6) Universal life fixed premium, no dump-in premiums allowed.
General Authority: SDCL 58-14-17.
Law Implemented: SDCL 58-14-17.
Disclaimer: These regulations may not be the most recent version. South Dakota may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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