South Dakota Codified Laws 58-26-93. Adoption of change to valuation manual
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The director may approve a change to the valuation manual pursuant to rules promulgated pursuant to chapter 1-26 when the change to the valuation manual is adopted by the NAIC by an affirmative vote representing:
(1) At least three-fourths of the members of the NAIC voting, but not less than a majority of the total membership; and
Terms Used In South Dakota Codified Laws 58-26-93
- written: include typewriting and typewritten, printing and printed, except in the case of signatures, and where the words are used by way of contrast to typewriting and printing. See South Dakota Codified Laws 2-14-2
(2) Members of the NAIC representing jurisdictions totaling greater than seventy-five percent of the direct premiums written as reported in the following annual statements most recently available prior to the vote in subdivision (1) above: life, accident, and health annual statements, health annual statements, or fraternal annual statements.
Source: SL 2015, ch 254, § 27.