ARSD 20:06:37:08. Liabilities to be covered

Pursuant to SDCL 58-26-46 to 58-26-55, inclusive, the statement of actuarial opinion applies to all business in force on the statement date, whether directly issued or assumed, regardless of when or where issued. If the appointed actuary determines as the result of asset adequacy analysis that a reserve should be held in addition to the aggregate reserve held by the company and calculated in accordance with methods set forth in SDCL 58-26-75, 58-26-76, and 58-26-81 to 58-26-84, inclusive, the company must establish the additional reserve. Additional reserves established under this section and considered not necessary in subsequent years may be released. Any amounts released must be disclosed in the actuarial opinion for the applicable year. The release of such reserves is not considered an adoption of a lower standard of valuation.