South Dakota Codified Laws 58-28-16. Gains and losses from allocated assets credited or charged to separate account
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The income, gains, and losses, realized or unrealized, from assets allocated to a separate account shall be credited to or charged against the account, without regard to other income, gains, or losses of the insurer.
Terms Used In South Dakota Codified Laws 58-28-16
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
Source: SL 1966, ch 111, ch 6, § 36 (3); SL 1967, ch 131; SDCL, § 58-28-3; SL 1971, ch 266, § 1 (1).