S.D. Admin. R. 20:06:09:28
Current through Register Vol. 50, page 159, June 17, 2024
In applying the factors in SDCL 58-5A-34, adequacy of surplus, the director shall consider the net effect of all of those factors plus other factors bearing on the financial condition of the insurer. In comparing the surplus maintained by each insurer, the director shall consider the extent to which each of these factors varies from company to company. In determining the quality and liquidity of investments in subsidiaries, the director shall consider the individual subsidiary and discount or disallow its valuation in accordance with SDCL 58-5A-34.
S.D. Admin. R. 20:06:09:28
General Authority: SDCL 58-5A-70.
Law Implemented: SDCL 58-5A-34, 58-5A-70, 58-5A-77.