20:06:37:07Standards
Section · Administrative Rules of South Dakota · View on sdlegislature.gov ↗
for asset adequacy analysis. The asset adequacy analysis required by this chapter: (1) Must conform to the standards of practice in Actuarial Standard of Practice No. 22, "Statements of Opinion Based on Asset Adequacy Analysis by Appointed Actuaries for Life or Health Insurers" adopted by the Actuarial Standards Board, September 2001, and on any additional standards under this chapter. These standards must form the basis of the statement of actuarial opinion in accordance with §§ 20:06:37:29 to 20:06:37:39, inclusive; (2) Shall be based on methods of analysis as are deemed appropriate for such purposes by the Actuarial Standards Board.
Source: 23 SDR 236, effective July 16, 1997; 25 SDR 13, effective August 9, 1998; 26 SDR 26, effective September 1, 1999; 27 SDR 54, effective December 4, 2000; 30 SDR 39, effective September 28, 2003; 34 SDR 297, effective June 2, 2008.