ARSD 20:06:38:24

ARSD 20:06:38:24. Annual certification -- Disciplined current scale and illustrated scales

Last amended: 2003Year: 2026Length: 82 wordsOfficial source

Cite as S.D. Admin. R. 20:06:38:24

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.
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