S.D. Admin. R. 20:06:38:33

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

Section 20:06:38:33 - Disciplined current scale

The disciplined current scale is a scale of nonguaranteed elements constituting a limit on illustrations currently being illustrated by an insurer that is reasonably based on actual recent historical experience. The disciplined current scale must meet the following requirements:

(1) Be in conformity with actuarially accepted standards;

(2) Reflect only actions that have already been taken or events that have already occurred;

(3) Not permit a disciplined current scale to include any projected trends of improvements in experience or any assumed improvements in experience beyond the illustration date; and

(4) Not permit assumed expenses to be less than minimum assumed expenses.

S.D. Admin. R. 20:06:38:33

23 SDR 228, effective 7/1/1997; 26 SDR 26, effective 9/1/1999; 27 SDR 54, effective 12/4/2000; 30 SDR 39, effective 9/28/2003; 33 SDR 59, effective 10/5/2006.

General Authority: SDCL 58-33-5.1.

Law Implemented: SDCL 58-33-5.1.