South Dakota Statutes
§ 58-26-79 — Standards for calculating reserves for policies, contracts or benefits issued on or after July 1, 1995.
South Dakota § 58-26-79
This text of South Dakota § 58-26-79 (Standards for calculating reserves for policies, contracts or benefits issued on or after July 1, 1995.) 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 § 58-26-79 (2026).
Text
Reserves for any category of policies, contracts, or benefits as established by the director, issued on or after July 1, 1995, may be calculated, at the option of the company, according to any standards which produce greater aggregate reserves for any category than those calculated according to the minimum standard provided in this chapter, but the rate or rates of interest used for policies and contracts, other than annuity and pure endowment contracts, may not be greater than the corresponding rate or rates of interest used in calculating any nonforfeiture benefits provided in the policies or contracts.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
SL 1995, ch 284, § 35; SL 2015, ch 254, § 20.
Nearby Sections
15
§ 58-1-1
Citation of title.§ 58-1-11
General saving clause.§ 58-1-13
Severability of provisions.§ 58-1-14
Notice of nonrenewal of policy must be mailed sixty days prior to renewal date--Exceptions.§ 58-1-14.1
Notice of refusal to renew--Thirty§ 58-1-16.1
Applicability of §§ 58-1-18
Repealed by SL 2012, ch 252, § 30.§ 58-1-2
Definition of terms.Cite This Page — Counsel Stack
Bluebook (online)
South Dakota § 58-26-79, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/58-26-79.