An insurance company that buys or sells exchange-traded call and put options shall record the details of the transactions in a manner consistent with National Association of Insurance Commissioners (NAIC) rules and procedures contained in the 2025 edition of the Annual Statement Instructions - Life, Accident, and Health/Fraternal, the 2025 edition of the Annual Statement Instructions - Property and Casualty, the 2026 edition of the Financial Condition Examiners Handbook, the 2026 edition of the Accounting Practices and Procedures Manual, and the 2025 edition of the Purposes and Procedures Manual of the NAIC Investment Analysis Office.

References:

1. Annual Statement Instructions - Life, Accident and Health/Fraternal, 2025 edition, National Association of Insurance Commissioners. Cost: $0.

2. Annual Statement Instructions - Property and Casualty, 2025 edition, National Association of Insurance Commissioners. Cost: $0.

3. Accounting Practices and Procedures Manual, 2026 edition, National Association of Insurance Commissioners. Cost: $0.

4. Financial Condition Examiners Handbook, 2026 edition, National Association of Insurance Commissioners. Cost: $0.

5. Purposes and Procedures Manual of the NAIC Investment Analysis Office, 2025 edition, National Association of Insurance Commissioners. Cost: $0.

Copies of references 1 through 5 may be obtained from the National Association of Insurance Commissioners, 1100 Walnut Street, Ste. 1500, Kansas City, MO 64106-2197; (816) 783-8300; http://www.naic.org.

Source: 13 SDR 75, effective December 21, 1986; 22 SDR 110, effective March 1, 1996; 23 SDR 43, effective October 1, 1996; 25 SDR 13, effective August 9, 1998; 26 SDR 26, effective September 1, 1999; 27 SDR 54, effective December 4, 2000; 27 SDR 111, effective May 7, 2001; 30 SDR 39, effective September 28, 2003; 33 SDR 59, effective October 5, 2006; 34 SDR 271, effective May 6, 2008; 35 SDR 165, effective December 22, 2008; 36 SDR 209, effective July 1, 2010; 37 SDR 241, effective July 1, 2011; 38 SDR 219, effective June 25, 2012; 39 SDR 219, effective June 26, 2013; 41 SDR 41, effective September 17, 2014; 42 SDR 52, effective October 13, 2015 ; 42 SDR 177, effective June 28, 2016; 43 SDR 181, effective July 7, 2017; 45 SDR 10, effective August 2, 2018; 46 SDR 26, effective September 4, 2019 ; 46 SDR 147, effective July 2, 2020; 47 SDR 137, effective June 28, 2021; 49 SDR 9, effective August 9, 2022; 50 SDR 13, effective August 10, 2023; 50 SDR 157, effective July 1, 2024; 51 SDR 142, effective July 3, 2025; 52 SDR 125, effective July 1, 2026 .

General Authority: SDCL 58-6-75 , 58-27-7 .

Law Implemented: SDCL 58- 6-75 .

Prior versions effective: 2025-07-03, 2024-07-01, 2023-08-10, 2022-08-09, 2021-06-28, 2020-07-02, 2019-09-04, 2018-08-02, 2017-07-07, 2016-06-28, 2015-10-13, 2014-09-17, 2013-06-26.