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79 chapters · 3,426 sections in this title.
SDCL § 58-28-13 Life insurers authorized to establish separate accounts--Allocations to provide insurance or annuities
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A domestic life insurer, including for the purposes of this chapter all domestic fraternal beneficiary associations, societies or companies which operate on a legal reserve basis may establish one or more separate accounts, and may allocate thereto amounts, including without limi…
SDCL § 58-28-14 Approval required to maintain guaranteed benefits and funds in separate account
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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 g…
SDCL § 58-28-15 Securities in which investment authorized--Not considered in applying company's investment limitations
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Except as may be provided with respect to reserves for guaranteed benefits and funds referred to in § 58-28-14 , amounts allocated to any separate account and accumulations thereon may be invested and reinvested: (1) In any class of investments which are authorized by chapter 58-…
SDCL § 58-28-16 Gains and losses from allocated assets credited or charged to separate account
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The income, gains, and losses, realized or unrealized, from assets allocated to a separate account shall be credited to or charged against the account, without regard to other income, gains, or losses of the insurer. Source: SL 1966, ch 111 , ch 6, § 36 (3); SL 1967, ch 131 ; SDC…
