20:06:30:03Certain assets allowed to be held without
Section · Administrative Rules of South Dakota · View on sdlegislature.gov ↗
Rulemaking activity
segregation. 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.
Source: 22 SDR 52, effective October 25, 1995.