S.D. Admin. R. 20:06:36:04

Current through Register Vol. 50, page 159, June 17, 2024

Section 20:06:36:04 - Life and health insurer's RBC reports

A life and health insurer's RBC report shall be determined in accordance with the formula set forth in the RBC instructions. The formula shall take into account, and may adjust for the covariance between, the following factors determined in each case by applying the factors in the manner set forth in the RBC instructions:

(1) The risk to the insurer's assets;

(2) The risk of adverse insurance experience to the insurer's liabilities and obligations;

(3) The interest rate risk to the insurer's business; and

(4) All other business risks and any other relevant risks as set forth in the RBC instructions.

S.D. Admin. R. 20:06:36:04

23 SDR 228, effective 7/3/1997; 25 SDR 13, effective 8/9/1998; 26 SDR 26, effective 9/1/1999; 27 SDR 54, effective 12/4/2000; 30 SDR 39, effective 9/28/2003; 31 SDR 21, effective 8/23/2004; 33 SDR 59, effective 10/5/2006; 34 SDR 271, effective 5/6/2008; 35 SDR 165, effective 12/22/2008; 36 SDR 209, effective 7/1/2010; 37 SDR 241, effective 7/1/2011; 38 SDR 219, effective 6/25/2012; 39 SDR 219, effective 6/26/2013; 41 SDR 41, effective 9/17/2014; 41 SDR 93, effective 12/3/2014.

General Authority: SDCL 58-4-48.

Law Implemented: SDCL 58-4-48.

1. 2013 NAIC Life Risk-Based Capital Report. Cost: $45. 2. 2013 NAIC Health Risk-Based Capital Report. Cost: $45. Copies of references 1 and 2 may be obtained from the National Association of Insurance Commissioners, 1100 Walnut Street, Ste. 1500, Kansas City, MO 64106-2197, (816) 783-8300; http://www.naic.org.