<html> <head> <title>Rule 20:06:30:09 Execution of agreement, amendment, or letter of intent required.</title> <META NAME="Keywords" Content="Administrative Rules 20:06:30:09"> <META NAME="Description" Content="Administrative Rules 20:06:30:09 Execution of agreement, amendment, or letter of intent required."> <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>20:06:30:09.&nbsp;&nbsp;Execution of agreement, amendment, or letter of intent required.</b> A reinsurance agreement or an amendment to an agreement may not be used to reduce a liability or to establish an asset in any financial statement filed with the division unless the agreement, amendment, or a binding letter of intent has been executed by both parties no later than the &quot;as of date&quot; of the financial statement.</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>