There is a newer version of the South Dakota Codified Laws
2011 South Dakota Code
Title 58 INSURANCE
Chapter 26. Valuation Of Assets, Liabilities And Reserves
§58-26-30 Reserve requirements for health insurance.
SD Codified L § 58-26-30 (through 2011) What's This?
58-26-30. Reserve requirements for health insurance. For all health insurance policies the insurer shall maintain an active life reserve which shall place a sound value on its liabilities under such policies and be not less than the reserve according to appropriate standards set forth in regulations issued by the director and, in no event, less in the aggregate than the prorata gross unearned premiums for such policies.
Source: SL 1966, ch 111, ch 5, § 7.
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