Insurers subject to this chapter shall reduce to zero by January 1, 1996, any reserve credits or assets established regarding reinsurance agreements entered into before the effective date of this chapter which, under the provisions of this chapter, are not entitled to recognition.

Source: 22 SDR 52, effective October 25, 1995.

General Authority: SDCL 58-14-17.

Law Implemented: SDCL 58-14-17.