SDCL § 58-28-22: Valuation of portion of assets equal to reserve liability.

Notwithstanding § 58-28-21, unless otherwise approved by the director, the portion, if any, of the assets of such separate account equal to the insurer's reserve liability with regard to the guaranteed benefits and funds referred to in § 58-28-14 shall be valued in accordance with the rules otherwise applicable to the insurer's assets.