20:06:19:02Purchase and exercise of exchange-traded call
Section · Administrative Rules of South Dakota · View on sdlegislature.gov ↗
Rulemaking activity
- 20:06:12, 20:06:13, 20:06:19, 20:06:25, 20:06:26, 20:06:36, 20:06:59, and 20:06:60Effective
- Updates to the Division of Insurance's administrative rules in chapters 20:06:07, 20:06:12, 20:06:19, 20:06:22, 20:06:25, 20:06:26, 20:06:36, and 20:06:59.Effective
- Updates to the Division of Insurance administrative rules.Effective
- Updates to Division of Insurance administrative rules.Effective
- Division of Insurance Administrative RulesEffective
- Changes and updates to Insurance Administrative RulesEffective
and put options. An insurance company's cost for the purchase or investment in call or put options, except in a closing purchase transaction, is limited to the amount authorized in SDCL 58-27-51, substantiated by a trade confirmation or other proof of ownership issued to the insurance company by an entity meeting the requirements in subdivision 20:06:19:01(6). An insurance company may not purchase exchange-traded call options for an underlying security in an amount which, when combined with its current security holdings, would exceed the limits in SDCL 58-27-15, 58-27-27, 58-27-29, 58-27-53, 58-27-54, and 58-27-57 to 58-27-60, inclusive.
Source: 13 SDR 75, effective December 21, 1986.