{"data":{"id":"us-sd/sdcl-58-26-92","jurisdiction":"us-sd","citation":"SDCL § 58-26-92","heading":"Prerequisites for adoption of NAIC valuation manual of instruction.","body":"The director may not adopt the NAIC valuation manual of instruction until all of the following have occurred:\n(1) The valuation manual is adopted by the NAIC by an affirmative vote of at least forty-two members, or three-fourths of the members voting, whichever is greater;\n(2) The Standard Valuation Law, as amended by the NAIC in 2009, or legislation including substantially similar terms and provisions, is enacted by states representing greater than seventy-five percent of the direct premiums written as reported in the following annual statements submitted for 2008: life, accident, and health annual statements; health annual statements; or fraternal annual statements;\n(3) The Standard Valuation Law, as amended by the NAIC in 2009, or legislation including substantially similar terms and provisions, is enacted by at least forty-two of the following fifty-five jurisdictions: The fifty states of the United States, American Samoa, the American Virgin Islands, the District of Columbia, Guam, and Puerto Rico.","path":["TITLE 58. INSURANCE","CHAPTER 58-26. VALUATION OF ASSETS, LIABILITIES AND RESERVES"],"source_url":"https://sdlegislature.gov/Statutes/58-26-92","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"be16f80c3545e9fb4b7464527ad93feb5f5a5073e0a33b9ddfe1dbea46de6823","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-58-26-91","next":"us-sd/sdcl-58-26-93"},"notice":"GroundRules: Original legal text. Not legal advice."}