S.D. Admin. R. 20:06:30:09

Current through Register Vol. 51, page 57, November 12, 2024

Section 20:06:30:09 - Execution of agreement, amendment, or letter of intent required

A reinsurance agreement or an amendment to an agreement may not be used to reduce a liability or to establish an asset in any financial statement filed with the division unless the agreement, amendment, or a binding letter of intent has been executed by both parties no later than the "as of date" of the financial statement.

S.D. Admin. R. 20:06:30:09

22 SDR 52, effective 10/25/1995.

General Authority: SDCL 58-14-17.

Law Implemented: SDCL 58-14-17.