S.D. Admin. R. 20:06:38:34
Current through Register Vol. 51, page 71, January 6, 2025
Each year, the insurer shall choose the method used to allocate overhead expenses for all illustrations and the method of determining assumed expenses for all policy forms from the following:
For the purpose of determining assumed expenses, marginal expenses may be used only if greater than a generally recognized expense table. If no generally recognized expense table is approved, fully allocated expenses must be used.
S.D. Admin. R. 20:06:38:34
General Authority: SDCL 58-33-5.1.
Law Implemented: SDCL 58-33-5.1.