20:06:38:24Annual certification -- Disciplined current
Section · Administrative Rules of South Dakota · View on sdlegislature.gov ↗
scale and illustrated scales. The board of directors of each insurer shall appoint one or more illustration actuaries to certify the following: (1) The disciplined current scale used in illustrations is in conformity with standards contained in the Actuarial Standard of Practice No. 24 - Compliance with the NAIC Life Insurance Illustrations Model Regulation, effective March 31, 1996, to the extent that those standards are consistent with provisions of this chapter; and (2) The illustrated scales used in insurer-authorized illustrations meet the requirements of this chapter.
Source: 23 SDR 228, effective July 1, 1997; 26 SDR 26, effective September 1, 1999; 27 SDR 54, effective December 4, 2000; 30 SDR 39, effective September 28, 2003.