Section 58-26-11 - Capital stock and liabilities chargeable against assets In any determination of the financial condition of an insurer, capital stock and liabilities to be charged against its assets shall include:
(1) The amount of its capital stock outstanding, if any;(2) The amount, estimated consistently with the provisions of this title, necessary to pay all of its unpaid losses and claims incurred on or prior to the date of statement, whether reported or unreported, together with the expenses of adjustment or settlement thereof;(3) With reference to life insurance, annuity contracts, and disability and accidental death benefits: (a) The amount of reserves on life insurance policies and annuity contracts in force, valued according to the tables of mortality, rates of interest, and methods adopted pursuant to this title which are applicable thereto;(b) Reserves for disability benefits, for both active and disabled lives;(c) Reserves for accidental death benefits; and(d) Any additional reserves which may be required by the director consistent with practice formulated or approved by the national association of insurance commissioners, on account of such insurance;(4) With reference to health insurance, the amount of reserves required pursuant to § 58-26-30;(5) With reference to insurance other than that specified in subdivisions (3) and (4), and other than title insurance, the amount of reserves equal to the unearned portions of the gross premiums charged on policies in force, computed in accordance with this chapter;(6) Taxes, expenses, and other obligations due or accrued at the date of the statement. SL 1966, ch 111, ch 5, § 4.