South Dakota Codified Laws 58-28-22. Valuation of portion of assets equal to reserve liability
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Notwithstanding § 58-28-21, unless otherwise approved by the director, the portion, if any, of the assets of such separate account equal to the insurer’s reserve liability with regard to the guaranteed benefits and funds referred to in § 58-28-14 shall be valued in accordance with the rules otherwise applicable to the insurer’s assets.
Terms Used In South Dakota Codified Laws 58-28-22
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
Source: SL 1971, ch 266, § 1 (4).