20:06:38:33. Disciplined current scale. The disciplined current scale is a scale of nonguaranteed elements constituting a limit on illustrations currently being illustrated by an insurer that is reasonably based on actual recent historical experience. The disciplined current scale must meet the following requirements:
(1) Be in conformity with actuarially accepted standards;
(2) Reflect only actions that have already been taken or events that have already occurred;
(3) Not permit a disciplined current scale to include any projected trends of improvements in experience or any assumed improvements in experience beyond the illustration date; and
(4) Not permit assumed expenses to be less than minimum assumed expenses.
Source: 23 SDR 228, effective July 1, 1997; 26 SDR 26, effective September 1, 1999; 27 SDR 54, effective December 4, 2000; 30 SDR 39, effective September 28, 2003; 33 SDR 59, effective October 5, 2006.
General Authority: SDCL 58-33-5.1.
Law Implemented: SDCL 58-33-5.1.
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