S.D. Codified Laws § 58-26-64

Current through the 2024 Legislative Session

Section 58-26-64 - Minimum standard of valuation for individual annuity and pure endowment contracts and group annuity and pure endowment contracts on or after July 1, 1995

Except as provided in §§ 58-26-71 to 58-26-74, inclusive, the minimum standard of valuation for individual annuity and pure endowment contracts issued on or after July 1, 1995, and for annuities and pure endowments purchased on or after July 1, 1995, under group annuity and pure endowment contracts, are the commissioners' reserve valuation methods defined in §§ 58-26-75 and 58-26-76 and the tables and interest rates set forth in §§ 58-26-65 to 58-26-69, inclusive.

SDCL 58-26-64

SL 1995, ch 284, § 20; SL 2015, ch 254, § 11.

Amended by S.L. 2015, ch. 254,s. 11, eff. 7/1/2015.