Notwithstanding § 58-28-21, unless otherwise approved by the director, the portion, if any, of the assets of such separate account equal to the insurer's reserve liability with regard to the guaranteed benefits and funds referred to in § 58-28-14 shall be valued in accordance with the rules otherwise applicable to the insurer's assets.
S.D. Codified Laws § 58-28-22
Valuation of portion of assets equal to reserve liability
Source: SL 1971, ch 266, § 1 (4).
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.