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CHAPTER 58-26

VALUATION OF ASSETS, LIABILITIES AND RESERVES

58-26-1      Assets allowed in determination of financial condition.
58-26-2      Valuation of bonds or other evidences of debt--Method of calculation.
58-26-3      Valuation of securities other than evidences of debt.
58-26-4      Preferred or guaranteed stocks--Method of computing value approved by director.
58-26-5      Real property acquired pursuant to mortgage loan or contract for sale--Restriction as to valuation.
58-26-6      Purchase money mortgage on real property--Restriction as to valuation.
58-26-7      Appraisal for valuation of other real property.
58-26-8      Personal property acquired pursuant to chattel mortgage--Restriction as to valuation.
58-26-9      Valuation not to be inconsistent with approved method.
58-26-10      Assets not allowed in determining financial condition.
58-26-10.1      Radio and television facilities allowable as assets.
58-26-11      Capital stock and liabilities chargeable against assets.
58-26-12      Assets allowed as deductions from corresponding liabilities.
58-26-13      Repealed.
58-26-13.1      Actuarial opinion of property, casualty, and health insurers.
58-26-13.2      Time limit for compliance with actuary opinion requirements.
58-26-14 to 58-26-29.      Repealed.
58-26-30      Reserve requirements for health insurance.
58-26-31      Reserve for outstanding losses under liability insurance and workers' compensation.
58-26-32      Reserve for workers' compensation claims under policies written in three years preceding.
58-26-33      Reserve for workers' compensation claims under policies written more than three years preceding.
58-26-34      Reserve for liability policies written during three years preceding.
58-26-35      Maintaining a reserve for outstanding losses under credit insurance policies.
58-26-36      Unearned premium reserve--Insurers required to maintain.
58-26-37      Unearned premium reserve--Computation--Use of table.
58-26-38      Unearned premium reserve--Computation on a prorata basis.
58-26-39      Change in method of computation of unearned premium reserve--Approval of director required.
58-26-40      Unearned premium reserve provisions inapplicable to title insurance.
58-26-41      Unearned premium reserve on marine and transportation insurance.
58-26-42      Repealed.
58-26-43      Increase of inadequate reserves.
58-26-44      Application of chapter.
58-26-44.1      Definition of terms in §§ 58-26-45 to 58-26-105.
58-26-45      Valuation of reserve liabilities for policies and contracts issued before operative date of valuation manual--Calculating reserves.
58-26-45.1      Adoption of NAIC valuation manual of instruction--Valuation of reserve liabilities for contracts issued after operative date of valuation manual.
58-26-46      Annual opinion of qualified actuary required--Promulgation of rules.
58-26-47      Opinion required as to adequacy of reserves to provide for company's obligations.


58-26-48      Promulgation of rules for establishing higher reserves.
58-26-49      Form and substance of actuary's opinion.
58-26-50      Provisions governing submission of actuary's opinion.
58-26-51      Opinion submitted by foreign or alien company.
58-26-52      Qualified actuary defined.
58-26-53      Liability of qualified actuary.
58-26-54      Promulgation of rules defining disciplinary action against company or qualified actuary.
58-26-55      Confidentiality of material supporting opinion of qualified actuary.
58-26-55.1      Opinion of actuary on reserves and related actuarial items to be in accordance with valuation manual.
58-26-56      Minimum standard for valuation of policies and contracts.
58-26-57      Mortality tables used for ordinary life insurance policies.
58-26-58      Mortality tables used for industrial life insurance policies.
58-26-59      Mortality tables used for individual annuity and pure endowment contracts.
58-26-60      Mortality tables used for group annuity and pure endowment contracts.
58-26-61      Disability tables used for total and permanent disability.
58-26-62      Tables used for accidental death benefits.
58-26-63      Tables to be approved by director.
58-26-64      Minimum standard of valuation for individual annuity and pure endowment contracts and group annuity and pure endowment contracts on or after July 1, 1995.
58-26-65      Tables used for individual annuity and pure endowment contracts issued prior to July 1, 1978--Interest.
58-26-66      Tables used for individual single premium immediate annuity contracts issued on or after July 1, 1978--Interest.
58-26-67      Tables used for individual annuity and pure endowment contracts issued on or after July 1, 1978--Interest.
58-26-68      Tables used for annuities and pure endowments purchased under group contracts prior to July 1, 1978--Interest.
58-26-69      Tables used for annuities and pure endowments purchased under group contracts after July 1, 1978--Interest.
58-26-70      Written notice of election to comply with provisions of §§ 58-26-64 to 58-26-69, inclusive--Operative date.
58-26-71      Calendar year statutory valuation interest rates defined.
58-26-72      Weighting factors.
58-26-73      "Reference interest rate" defined.
58-26-74      Alternative method for determination of reference interest rate.
58-26-75      Valuation of reserves--Policies providing for uniform amount of insurance and requiring payment of uniform premiums--Policies providing varying amounts of insurance or varying premiums--Certain group annuity and pure endowment contracts maintained by employers--Disability and accidental death benefits--Other benefits.
58-26-76      Valuation of reserves for certain annuity or pure endowment contracts.
58-26-77      Minimum aggregate reserves for life insurance policies.
58-26-78      Standards for calculating reserves for policies and contracts issued prior to July 1, 1995.
58-26-79      Standards for calculating reserves for policies, contracts or benefits issued on or after July 1, 1995.
58-26-80      Company's greater standard of valuation may be lowered with director approval.
58-26-81      Determining minimum reserve when gross premium charged is less than the valuation net premium.
58-26-82      Application of §§ 58-26-75 and 58-26-81 to certain life insurance policies issued on or after January 1, 1986.
58-26-83      Requirements for reserves for life insurance providing for future premium determination or for reserves undeterminable under methods in § 58-26-75, 58-26-76, 58-26-81, or 58-26-82.
58-26-84      Promulgation of rules for minimum standards applicable to health plans issued on or after July 1, 1995 and before operative date of valuation manual.
58-26-85      Repealed.
58-26-86      Actuarial opinion summary to be filed with property, casualty, and health insurers' annual statement.
58-26-87      Actuarial report and workpapers to support actuarial opinion.
58-26-88      Preparation of supporting actuarial report or workpapers upon insurer's failure to provide acceptable supporting documents.
58-26-89      Statement of actuarial opinion to be filed with annual statement--Public document.
58-26-90      Confidentiality of actuarial report, workpapers, or actuarial opinion summary provided in support of opinion.
58-26-91      Minimum standard of valuation for policies issued on or after operative date of valuation manual.
58-26-92      Prerequisites for adoption of NAIC valuation manual of instruction.
58-26-93      Adoption of change to valuation manual.
58-26-94      Specifications required for adoption of valuation manual.
58-26-95      Exceptions to valuation manual requirements.
58-26-96      Qualified actuary engaged by director or by official of another state.
58-26-97      Required change in assumption or method and adjustment of reserves.
58-26-98      Reserves to be established using principle-based valuation--Conditions.
58-26-99      Procedures, controls and report regarding principle-based valuation.
58-26-100      Prescribed formulaic reserve component.
58-26-101      Data to be submitted as prescribed in valuation manual.
58-26-102      Confidential information defined.
58-26-103      Confidential information privileged--Use and sharing.
58-26-104      Exceptions to confidentiality of information.
58-26-105      Exemption of certain forms or product lines of domestic insurer.


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