S.D. Admin. R. 20:06:23:01
Current through Register Vol. 50, page 159, June 17, 2024
The division may require an insurer to increase its capital and surplus based on the type of risk it is writing, the amount of risk it is writing, a change in its investment portfolio, change in the lines the company is writing, unusual ratios produced by the National Association of Insurance Commissioners Insurance Regulatory Information System, or any other factor which indicates it is necessary for the protection of policyholders. The increase may be based on industry-accepted practices and standards.
S.D. Admin. R. 20:06:23:01
General Authority: SDCL 58-4-1, 58-4-39.
Law Implemented: SDCL 58-4-39.