The reserve liability for variable contracts shall be established in accordance with actuarial procedures that recognize the variable nature of the benefits provided and any mortality guarantees.
S.D. Codified Laws § 58-28-29
Actuarial standards for reserve liability on variable contracts
Source: SL 1971, ch 266, § 5.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.