<html> <head> <title>Rule 20:06:23:01 Increase in capital and surplus.</title> <META NAME="Keywords" Content="Administrative Rules 20:06:23:01"> <META NAME="Description" Content="Administrative Rules 20:06:23:01 Increase in capital and surplus."> <meta name=Generator content="Microsoft Office HTML Filter 2.0"> <meta http-equiv=Content-Type content="text/html; charset=windows-1252"> <meta name=Originator content="Microsoft Word 10"> <style> <!-- --> </style> </head> <body lang=EN-US> <div> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>20:06:23:01.&nbsp;&nbsp;Increase in capital and surplus.</b> The division may require an insurer to increase its capital and surplus based on the type of risk it is writing, the amount of risk it is writing, a change in its investment portfolio, change in the lines the company is writing, unusual ratios produced by the National Association of Insurance Commissioners Insurance Regulatory Information System, or any other factor which indicates it is necessary for the protection of policyholders. The increase may be based on industry-accepted practices and standards.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> 19 SDR 160, effective April 27, 1993. </p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>General Authority:</b> SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=58-4-1">58-4-1</A>, <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=58-4-39">58-4-39.</A></p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Law Implemented:</b> SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=58-4-39">58-4-39.</A></p> </div> </body> </html>