Section 58-26-64 - Minimum standards for valuation of individual annuity and pure endowmentcontracts and group annuity and pure endowment contracts on or after July1, 1995. - South Dakota Statutes

58-26-64. Minimum standards for valuation of individual annuity and pure endowment contracts and group annuity and pure endowment contracts on or after July 1, 1995. Except as provided in §§ 58-26-71 to 58-26-74, inclusive, the minimum standard for the valuation of all individual annuity and pure endowment contracts issued on or after July 1, 1995, and for all annuities and pure endowments purchased on or after July 1, 1995, under group annuity and pure endowment contracts, are the commissioners' reserve valuation methods defined in §§ 58-26-75 and 58-26-76 and the tables and interest rates set forth in §§ 58-26-65 to 58-26-69, inclusive.

Source: SL 1995, ch 284, § 20.