South Dakota § 58-26-105 Exemption of certain forms or product lines of domestic insurer.

South Dakota Statutes

§ 58-26-105 — Exemption of certain forms or product lines of domestic insurer.

South Dakota § 58-26-105

Title 58INSURANCE

Ch. 58-26VALUATION OF ASSETS, LIABILITIES AND RESERVES

This text of South Dakota § 58-26-105 (Exemption of certain forms or product lines of domestic insurer.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.D. Codified Laws § 58-26-105 (2026).

Text

The director may exempt specific product forms or product lines of a domestic company that is licensed and doing business only in South Dakota from the requirements of §§ 58-26-91 to 58-26-97 , inclusive, provided:

(1)The director has issued an exemption in writing to the company and has not subsequently revoked the exemption in writing; and (2) The company computes reserves using assumptions and methods used prior to the operative date of the valuation manual in addition to any requirements established by the director and promulgated by regulation. For any company granted an exemption pursuant to this section, §§ 58-26-46 to 58-26-84 , inclusive, are applicable. With respect to any company applying this exemption, any reference to §§ 58-26-91 to 58-26-97 , inclusive, found in §§ 58

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The director may exempt specific product forms or product lines of a domestic company that is licensed and doing business only in South Dakota from the requirements of §§ 58-26-91 to 58-26-97 , inclusive, provided: (1) The director has issued an exemption in writing to the company and has not subsequently revoked the exemption in writing; and (2) The company computes reserves using assumptions and methods used prior to the operative date of the valuation manual in addition to any requirements established by the director and promulgated by regulation. For any company granted an exemption pursuant to this section, §§ 58-26-46 to 58-26-84 , inclusive, are applicable. With respect to any company applying this exemption, any reference to §§ 58-26-91 to 58-26-97 , inclusive, found in §§ 58-26-46 to 58-26-84 , inclusive, is not applicable.