ARSD 20:06:30:03
ARSD 20:06:30:03. Certain assets allowed to be held without segregation
Cite as S.D. Admin. R. 20:06:30:03
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.