ARSD 20:06:38 – Life Insurance Illustrations | Midpage

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Administrative Rules of South Dakota

Chapter 20:06:38

ARSD 20:06:38

Life Insurance Illustrations

20:06:38:01Definitions.20:06:38:02Applicability and scope.20:06:38:03Policies to be illustrated.20:06:38:04Information required in illustration.20:06:38:05Prohibited practices.20:06:38:06Interest rate illustrations.20:06:38:07Standards for basic illustrations -- Format.20:06:38:08Standards for basic illustrations -- Narrative summary.20:06:38:09Standards for basic illustrations -- Numeric summary.20:06:38:10Standards for basic illustrations -- Statements.20:06:38:11Standards for basic illustrations -- Tabular detail.20:06:38:12Standards for supplemental illustrations.20:06:38:13Basic illustration -- Use in sale of policy.20:06:38:14Basic illustration -- Not used in sale of policy.20:06:38:15Basic illustration -- Delivery by mail.20:06:38:16Basic illustration -- Retention by insurer.20:06:38:17Annual report -- Requirement.20:06:38:18Annual report -- Content for universal life policies.20:06:38:19Annual report -- Content for all other policies.20:06:38:20Annual report -- Policies without nonforfeiture values.20:06:38:21Annual report -- Notice if in-force illustration not included.20:06:38:22Annual report -- Notice of change in nonguaranteed elements.20:06:38:23In-force illustration -- Furnished at policy owner’s request.20:06:38:24Annual certification -- Disciplined current scale and illustrated scales.20:06:38:25Illustration actuary requirements.20:06:38:26Change of illustration actuary.20:06:38:27Annual certification -- Currently payable scale.20:06:38:28Annual certification -- Expenses.20:06:38:29Annual certification -- Additional certifications.20:06:38:30Annual certification -- Inability to certify scale.20:06:38:31Annual certification -- Officer of the insurer.20:06:38:32Annual certification -- Date due.20:06:38:33Disciplined current scale.20:06:38:34Expenses.20:06:38:35Generally recognized expense table -- Approval.20:06:38:0AGenerally Recognized Expense Table Approved by the Director.20:06:38:0BSample Acknowledgment.