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2022 South Dakota Codified Laws
Title 58 - Insurance
Chapter 26 - Valuation Of Assets, Liabilities And Reserves
Section 58-26-74 - Alternative method for determination of reference interest rate.
Universal Citation:
SD Codified L § 58-26-74 (2022)
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58-26-74. Alternative method for determination of reference interest rate.
If the Monthly Average of the Composite Yield on Seasoned Corporate Bonds is no longer published by Moody's Investors Service, Inc., or if the NAIC determines that the Monthly Average of the Composite Yield on Seasoned Corporate Bonds as published by Moody's Investors Service, Inc., is no longer appropriate for the determination of the reference interest rate, then an alternative method for determination of the reference interest rate, which is adopted by the NAIC and approved by rules promulgated pursuant to chapter 1-26 by the director, may be substituted.
Source: SL 1995, ch 284, §30; SL 2015, ch 254, §16.
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