There is a newer version of the South Dakota Codified Laws
2011 South Dakota Code
Title 58 INSURANCE
Chapter 28. Separate Life Insurance And Annuity Accounts
§58-28-14 Approval required to maintain guaranteed benefits and funds in separate account.
SD Codified L § 58-28-14 (through 2011) What's This?
58-28-14. Approval required to maintain guaranteed benefits and funds in separate account. Except with the approval of the director and under such conditions as to investments and other matters as he may prescribe, which shall recognize the guaranteed nature of the benefits provided, reserves for:
(1) Benefits guaranteed as to dollar amount and duration and
(2) Funds guaranteed as to principal amount or stated rate of interest shall not be maintained in a separate account.
Source: SL 1966, ch 111, ch 6, § 36 (4); § 36 (2) as amended by SL 1967, ch 131; SDCL, § 58-28-2; SL 1969, ch 132; SL 1971, ch 266, § 1 (3).
Disclaimer: These codes may not be the most recent version. South Dakota may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
