<html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-26-57 - Mortality tables used for ordinary life insurance policies. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075857Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075857SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075857CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075857Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075857DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075857000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075857SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075857SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } body { text-decoration-skip-ink: none; } </style></head><body><div><p dir="ltr" class="s2075857Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-26-57"><span class="s2075857SENU">58-26-57</span></a><span xml:space="preserve" class="s2075857SENU">. </span><span class="s2075857CL">Mortality tables used for ordinary life insurance policies.</span></p><p dir="ltr" class="s2075857Normal-000000"><span xml:space="preserve" class="s2075857DefaultParagraphFont">The tables that shall be used for ordinary policies of life insurance issued on the standard basis, excluding any disability and accidental death benefits in the policies are: the Commissioners 1941 Standard Ordinary Mortality Table for policies issued prior to the operative date of §§ </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-15-38"><span class="s2075857DefaultParagraphFont">58-15-38</span></a><span xml:space="preserve" class="s2075857DefaultParagraphFont"> and </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-15-42"><span class="s2075857DefaultParagraphFont">58-15-42</span></a><span xml:space="preserve" class="s2075857DefaultParagraphFont">, the Commissioners 1958 Standard Ordinary Mortality Table for policies issued on or after the operative date of §§ </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-15-38"><span class="s2075857DefaultParagraphFont">58-15-38</span></a><span xml:space="preserve" class="s2075857DefaultParagraphFont"> and </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-15-42"><span class="s2075857DefaultParagraphFont">58-15-42</span></a><span xml:space="preserve" class="s2075857DefaultParagraphFont">, and prior to the operative date of §§ </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-15-43.1"><span class="s2075857DefaultParagraphFont">58-15-43.1</span></a><span xml:space="preserve" class="s2075857DefaultParagraphFont"> to </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-15-43.11"><span class="s2075857DefaultParagraphFont">58-15-43.11</span></a><span xml:space="preserve" class="s2075857DefaultParagraphFont">, inclusive, provided that for any category of policies issued on female risks, all modified net premiums and present values referred to in this chapter may be calculated according to an age not more than six years younger than the actual age of the insured; and for such policies issued on or after the operative date of §§ </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-15-43.1"><span class="s2075857DefaultParagraphFont">58-15-43.1</span></a><span xml:space="preserve" class="s2075857DefaultParagraphFont"> to </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-15-43.11"><span class="s2075857DefaultParagraphFont">58-15-43.11</span></a><span xml:space="preserve" class="s2075857DefaultParagraphFont">, inclusive, (i) the Commissioners 1980 Standard Ordinary Mortality Table, or (ii) at the election of the company for any one or more specified plans of life insurance, the Commissioners 1980 Standard Ordinary Mortality Table with ten-year select mortality factors, or (iii) any ordinary mortality table, adopted after 1980 by the NAIC, which is approved by rules promulgated pursuant to chapter </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=1-26"><span class="s2075857DefaultParagraphFont">1-26</span></a><span xml:space="preserve" class="s2075857DefaultParagraphFont"> by the director for use in determining the minimum standard of valuation for the policies.</span></p><p dir="ltr" class="s2075857Normal"><span xml:space="preserve" class="s2075857000001"> </span></p><p dir="ltr" class="s2075857Normal"><span class="s2075857SCL">Source:</span><span xml:space="preserve" class="s2075857SCL-000002"> SL 1995, ch 284, § 13; SL 2015, ch 254, § 7.</span></p></div></body></html>