<html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><title></title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s4f405302-77f9-4442-9b50-1c22fc552dd9P0 { margin-top: 0; margin-bottom: 0; margin-left: 0; margin-right: 0; text-indent: 0.00in; text-align: justify; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; } span.s4f405302-77f9-4442-9b50-1c22fc552dd9C0 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s4f405302-77f9-4442-9b50-1c22fc552dd9C0-000000 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s4f405302-77f9-4442-9b50-1c22fc552dd9C0-000001 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } a.s4f405302-77f9-4442-9b50-1c22fc552dd9000002 { text-decoration: none; } span.s4f405302-77f9-4442-9b50-1c22fc552dd9000003 { color: black; background: white; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s4f405302-77f9-4442-9b50-1c22fc552dd9C0-000004 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s4f405302-77f9-4442-9b50-1c22fc552dd9P0"><span xml:space="preserve" class="s4f405302-77f9-4442-9b50-1c22fc552dd9C0">    </span><a href="https://sdlegislature.gov/Rules?Rule=20:06:09:53"><span class="s4f405302-77f9-4442-9b50-1c22fc552dd9C0-000000">20:06:09:53</span></a><span xml:space="preserve" class="s4f405302-77f9-4442-9b50-1c22fc552dd9C0-000001">.  </span><span class="s4f405302-77f9-4442-9b50-1c22fc552dd9C0-000001">List of non-U.S. jurisdictions determinations</span><span class="s4f405302-77f9-4442-9b50-1c22fc552dd9C0-000001">.</span><span xml:space="preserve" class="s4f405302-77f9-4442-9b50-1c22fc552dd9C0"> </span><span xml:space="preserve" class="s4f405302-77f9-4442-9b50-1c22fc552dd9C0">A </span><a id="_Hlk163121268" class="s4f405302-77f9-4442-9b50-1c22fc552dd9000002"></a><span xml:space="preserve" class="s4f405302-77f9-4442-9b50-1c22fc552dd9C0">list of non-U.S. jurisdictions that recognize and accept the group capital calculation </span><span class="s4f405302-77f9-4442-9b50-1c22fc552dd9C0">will be published as follows</span><span class="s4f405302-77f9-4442-9b50-1c22fc552dd9C0">:</span></p><p dir="ltr" class="s4f405302-77f9-4442-9b50-1c22fc552dd9P0"><span xml:space="preserve" class="s4f405302-77f9-4442-9b50-1c22fc552dd9000003"> </span></p><p dir="ltr" class="s4f405302-77f9-4442-9b50-1c22fc552dd9P0"><span xml:space="preserve" class="s4f405302-77f9-4442-9b50-1c22fc552dd9C0">    </span><span xml:space="preserve" class="s4f405302-77f9-4442-9b50-1c22fc552dd9C0">(1)  </span><span xml:space="preserve" class="s4f405302-77f9-4442-9b50-1c22fc552dd9C0">A list of jurisdictions that recognize and accept the group capital calculation, pursuant to SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=58-5A-95"><span class="s4f405302-77f9-4442-9b50-1c22fc552dd9C0-000004">58-5A-95</span></a><span xml:space="preserve" class="s4f405302-77f9-4442-9b50-1c22fc552dd9C0">, is published through the National Association of Insurance Commissioners committee process to assist the lead state director or commissioner in determining which insurers shall file an annual group capital calculation. The list will clarify those situations in which a jurisdiction is exempted from filing under SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=58-5A-95"><span class="s4f405302-77f9-4442-9b50-1c22fc552dd9C0-000004">58-5A-95</span></a><span xml:space="preserve" class="s4f405302-77f9-4442-9b50-1c22fc552dd9C0">. To assist with a determination under SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=58-5A-96"><span class="s4f405302-77f9-4442-9b50-1c22fc552dd9C0-000004">58-5A-96</span></a><span xml:space="preserve" class="s4f405302-77f9-4442-9b50-1c22fc552dd9C0">, the list will also identify whether a jurisdiction that is exempted under SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=58-5A-95"><span class="s4f405302-77f9-4442-9b50-1c22fc552dd9C0-000004">58-5A-95</span></a><span xml:space="preserve" class="s4f405302-77f9-4442-9b50-1c22fc552dd9C0"> requires a group capital filing for any U.S. based insurance group s operations in that non-U.S. jurisdiction; and</span></p><p dir="ltr" class="s4f405302-77f9-4442-9b50-1c22fc552dd9P0"><span xml:space="preserve" class="s4f405302-77f9-4442-9b50-1c22fc552dd9000003"> </span></p><p dir="ltr" class="s4f405302-77f9-4442-9b50-1c22fc552dd9P0"><span xml:space="preserve" class="s4f405302-77f9-4442-9b50-1c22fc552dd9C0">    </span><span xml:space="preserve" class="s4f405302-77f9-4442-9b50-1c22fc552dd9C0">(2)  </span><span xml:space="preserve" class="s4f405302-77f9-4442-9b50-1c22fc552dd9C0">For a non-U.S. jurisdiction where no U.S. insurance groups operate, the confirmation provided to meet the requirement of subsection </span><a href="https://sdlegislature.gov/Rules?Rule=20:06:09:52"><span class="s4f405302-77f9-4442-9b50-1c22fc552dd9C0-000004">20:06:09:52</span></a><span class="s4f405302-77f9-4442-9b50-1c22fc552dd9C0">(1)(b) will serve as support for a recommendation to be published as a jurisdiction that recognizes and accepts the group capital calculation through the National Association of Insurance Commissioners committee process</span><span class="s4f405302-77f9-4442-9b50-1c22fc552dd9C0">.</span></p><p dir="ltr" class="s4f405302-77f9-4442-9b50-1c22fc552dd9P0"><span xml:space="preserve" class="s4f405302-77f9-4442-9b50-1c22fc552dd9000003"> </span></p><p dir="ltr" class="s4f405302-77f9-4442-9b50-1c22fc552dd9P0"><span xml:space="preserve" class="s4f405302-77f9-4442-9b50-1c22fc552dd9C0">    </span><span xml:space="preserve" class="s4f405302-77f9-4442-9b50-1c22fc552dd9C0">If the lead state director or commissioner makes a determination, pursuant to SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=58-5A-95"><span class="s4f405302-77f9-4442-9b50-1c22fc552dd9C0-000004">58-5A-95</span></a><span class="s4f405302-77f9-4442-9b50-1c22fc552dd9C0">, that differs from the National Association of Insurance Commissioners list of non-U.S. jurisdictions that recognize and accept the group capital calculation, the lead state director or commissioner must provide documented, fact-based justification to the National Association of Insurance Commissioners and other states</span><span class="s4f405302-77f9-4442-9b50-1c22fc552dd9C0">.</span></p><p dir="ltr" class="s4f405302-77f9-4442-9b50-1c22fc552dd9P0"><span xml:space="preserve" class="s4f405302-77f9-4442-9b50-1c22fc552dd9000003"> </span></p><p dir="ltr" class="s4f405302-77f9-4442-9b50-1c22fc552dd9P0"><span xml:space="preserve" class="s4f405302-77f9-4442-9b50-1c22fc552dd9C0">    </span><span class="s4f405302-77f9-4442-9b50-1c22fc552dd9C0">Upon determination by the lead state director or commissioner that a non-U.S. jurisdiction no longer meets one or more of the requirements to recognize and accept the group capital calculation, the lead state director or commissioner may provide a recommendation to the National Association of Insurance Commissioners that the non-U.S. jurisdiction be removed from the list of jurisdictions that recognizes and accepts the group capital calculation</span><span class="s4f405302-77f9-4442-9b50-1c22fc552dd9C0">.</span></p><p dir="ltr" class="s4f405302-77f9-4442-9b50-1c22fc552dd9P0"><span xml:space="preserve" class="s4f405302-77f9-4442-9b50-1c22fc552dd9000003"> </span></p><p dir="ltr" class="s4f405302-77f9-4442-9b50-1c22fc552dd9P0"><span xml:space="preserve" class="s4f405302-77f9-4442-9b50-1c22fc552dd9C0">    </span><span class="s4f405302-77f9-4442-9b50-1c22fc552dd9C0-000001">Source:</span><span xml:space="preserve" class="s4f405302-77f9-4442-9b50-1c22fc552dd9C0"> </span><span class="s4f405302-77f9-4442-9b50-1c22fc552dd9C0">50 SDR 157, effective July 1, 2024</span><span class="s4f405302-77f9-4442-9b50-1c22fc552dd9C0">.</span></p><p dir="ltr" class="s4f405302-77f9-4442-9b50-1c22fc552dd9P0"><span xml:space="preserve" class="s4f405302-77f9-4442-9b50-1c22fc552dd9C0">    </span><span class="s4f405302-77f9-4442-9b50-1c22fc552dd9C0-000001">General Authority:</span><span xml:space="preserve" class="s4f405302-77f9-4442-9b50-1c22fc552dd9C0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=58-5A-94"><span class="s4f405302-77f9-4442-9b50-1c22fc552dd9C0-000004">58-5A-94</span></a><span xml:space="preserve" class="s4f405302-77f9-4442-9b50-1c22fc552dd9C0">, </span><a href="https://sdlegislature.gov/Statutes?Statute=58-5A-95"><span class="s4f405302-77f9-4442-9b50-1c22fc552dd9C0-000004">58-5A-95</span></a><span class="s4f405302-77f9-4442-9b50-1c22fc552dd9C0">.</span></p><p dir="ltr" class="s4f405302-77f9-4442-9b50-1c22fc552dd9P0"><span xml:space="preserve" class="s4f405302-77f9-4442-9b50-1c22fc552dd9C0">    </span><span class="s4f405302-77f9-4442-9b50-1c22fc552dd9C0-000001">Law Implemented:</span><span xml:space="preserve" class="s4f405302-77f9-4442-9b50-1c22fc552dd9C0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=58-5A-94"><span class="s4f405302-77f9-4442-9b50-1c22fc552dd9C0-000004">58-5A-94</span></a><span xml:space="preserve" class="s4f405302-77f9-4442-9b50-1c22fc552dd9C0"> to </span><a href="https://sdlegislature.gov/Statutes?Statute=58-5A-96"><span class="s4f405302-77f9-4442-9b50-1c22fc552dd9C0-000004">58-5A-96</span></a><span class="s4f405302-77f9-4442-9b50-1c22fc552dd9C0">, inclusive</span><span class="s4f405302-77f9-4442-9b50-1c22fc552dd9C0">.</span></p><p dir="ltr" class="s4f405302-77f9-4442-9b50-1c22fc552dd9P0"><span xml:space="preserve" class="s4f405302-77f9-4442-9b50-1c22fc552dd9000003"> </span></p></div></body></html>