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