ARSD 20:06:38:33

ARSD 20:06:38:33. Disciplined current scale

Last amended: 2006Year: 2026Length: 101 wordsOfficial source

Cite as S.D. Admin. R. 20:06:38:33

The disciplined current scale is a scale of nonguaranteed elements constituting a limit on illustrations currently being illustrated by an insurer that is reasonably based on actual recent historical experience. The disciplined current scale must meet the following requirements: (1) Be in conformity with actuarially accepted standards; (2) Reflect only actions that have already been taken or events that have already occurred; (3) Not permit a disciplined current scale to include any projected trends of improvements in experience or any assumed improvements in experience beyond the illustration date; and (4) Not permit assumed expenses to be less than minimum assumed expenses.
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