ARSD 20:06:07:01. Definitions

Terms used in this chapter mean: (1) "Contract on a variable basis" or "variable contract," a policy or contract which provides for insurance or annuity benefits which may vary according to the investment experience of any separate account or accounts maintained by the insurer for the policy or contract, as provided in SDCL 58-28; (2) "NAIC," National Association of Insurance Commissioners.