ARSD 20:06:30:03

ARSD 20:06:30:03. Certain assets allowed to be held without segregation

Last amended: 1995Year: 2026Length: 78 wordsOfficial source

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.
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