S.D. Admin. R. 20:06:30:09 - Execution of agreement, amendment, or letter of intent required
A reinsurance agreement or an amendment to an agreement may not be used to reduce a liability or to establish an asset in any financial statement filed with the division unless the agreement, amendment, or a binding letter of intent has been executed by both parties no later than the "as of date" of the financial statement.
Notes
General Authority: SDCL 58-14-17.
Law Implemented: SDCL 58-14-17.
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