South Dakota § 58-26-32 Reserve for workers' compensation claims under policies written in three years preceding.

South Dakota Statutes

§ 58-26-32 — Reserve for workers' compensation claims under policies written in three years preceding.

South Dakota § 58-26-32

Title 58INSURANCE

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

This text of South Dakota § 58-26-32 (Reserve for workers' compensation claims under policies written in three years preceding.) 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 § 58-26-32 (2026).

Text

For all workers' compensation claims under policies written in the three years immediately preceding the date as of which the statement is made, the reserve required by § 58-26-31 shall be calculated in accordance with the Annual Statement Instructions Manual prescribed by the National Association of Insurance Commissioners as adopted by rule by the director pursuant to chapter 1-26 . But in any event, the reserve may not be less than the present value at four percent interest of the determined and the estimated unpaid compensation claims under policies written during the three - year period.

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For all workers' compensation claims under policies written in the three years immediately preceding the date as of which the statement is made, the reserve required by § 58-26-31 shall be calculated in accordance with the Annual Statement Instructions Manual prescribed by the National Association of Insurance Commissioners as adopted by rule by the director pursuant to chapter 1-26 . But in any event, the reserve may not be less than the present value at four percent interest of the determined and the estimated unpaid compensation claims under policies written during the three - year period.