The opinion paragraph must include the following:

1. (1) Are computed in accordance with presently accepted actuarial standards consistently applied and are fairly stated, in accordance with sound actuarial principles;
2. (2) Are based on actuarial assumptions which produce reserves at least as great as those called for in any contract provision as to reserve basis and method and are in accordance with all other contract provisions;
3. (3) Meet the requirements of the insurance law and regulation of the state of [state of domicile] and are at least as great as the minimum aggregate amounts required by the state in which this statement is filed;
4. (4) Are computed on the basis of assumptions consistent with those used in computing the corresponding items in the annual statement of the preceding year-end (withanyexceptionsnotedbelow);

5. (5) Include provision for all actuarial reserves and related statement items which ought to be established.

   The reserves and related items, when considered in light of the assets held by the company with respect to such reserves and related actuarial items including, but not limited to, the investment earnings on such assets, and the considerations anticipated to be received and retained under such policies and contracts, make adequate provision, according to presently accepted actuarial standards of practice, for the anticipated cash flows required by the contractual obligations and related expenses of the company.

   The actuarial methods, considerations and analyses used in forming my opinion conform to the applicable standards of practice as promulgated by the Actuarial Standards Board which standards are the basis of this statement of opinion.

   This opinion is updated annually as required by statute. To the best of my knowledge, there have been no material changes from the applicable date of the annual statement to the date of the rendering of this opinion which should be considered in reviewing this opinion.

   or

   The following material change which occurred between the date of the statement for which this opinion is applicable and the date of this opinion should be considered in reviewing this opinion: (Describe the change or changes.)

   [Note: Choose one of the two preceding paragraphs, as applicable.]

   The impact of unanticipated events subsequent to the date of this opinion is beyond the scope of this opinion. The analysis of asset adequacy portion of this opinion should be viewed recognizing that the company's future experience may not follow all of the assumptions used in the analysis.

   _____________________________________

   Signature of Appointed Actuary

   _____________________________________

   Address of Appointed Actuary

   _____________________________________

   Telephone Number of Appointed Actuary

   ______________________________________

   Date

In my opinion the reserves and related actuarial values concerning the statement items identified above:

Source: 23 SDR 236, effective July 16, 1997; 34 SDR 297, effective June 2, 2008.

General Authority: SDCL 58-26-46 , 58-26-47 , 58-26-50.

Law Implemented: SDCL 58-26-46 , 58-26-47 , 58-26-50.