South Dakota Codified Laws 58-25-25. Adjusted reserves restored to net profits or equity
Current as of: 2023 | Check for updates
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The aggregate of the amounts set aside in this reserve in any calendar year as adjustments to the insurer’s statutory or unearned premium reserve pursuant to § 58-25-24 shall be released from the reserve and restored to net profits, or equity if the additions required by § 58-25-24 reduced equity directly, over a period not exceeding ten years pursuant to the following table:
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Year of Addition |
Release |
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Year 1 |
Equally over ten years |
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Year 2 |
Equally over nine years |
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Year 3 |
Equally over eight years |
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Year 4 |
Equally over seven years |
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Year 5 |
Equally over six years |
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Year 6 |
Equally over five years |