<html> <head> <title>Rule 20:06:30:06 Prior approval of director required for reserve credits or establishing assets.</title> <META NAME="Keywords" Content="Administrative Rules 20:06:30:06"> <META NAME="Description" Content="Administrative Rules 20:06:30:06 Prior approval of director required for reserve credits or establishing assets."> <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>20:06:30:06.&nbsp;&nbsp;Prior approval of director required for reserve credits or establishing assets.</b> Notwithstanding the first paragraph of §20:06:30:02, an insurer subject to this chapter may, with the prior approval of the director, take a reserve credit or establish an asset that the director considers to be consistent with SDCL title <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=58">58</A> or this article, including actuarial interpretations or standards adopted by the division.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> 22 SDR 52, effective October 25, 1995.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>General Authority:</b> SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=58-14-17">58-14-17.</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=58-14-17">58-14-17.</A></p> </div> </body> </html>