Sections 58-15-43.7, 58-15-43.8 - Substandard policy--Calculation of adjusted premiums and present value. Adjusted premiums and present values--Calculation--Applicable procedures and tables - South-dakota Statutes

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58-15-43.7. Substandard policy--Calculation of adjusted premiums and present value. Notwithstanding any other provisions of §§ 58-15-43.1 to 58-15-43.11, inclusive, to the contrary, in the case of a policy issued on a substandard basis which provides reduced graded amounts of insurance so that, in each policy year, the policy has the same tabular mortality cost as an otherwise similar policy issued on the standard basis which provides higher uniform amounts of insurance, adjusted premiums, and present values for such substandard policy may be calculated as if it were issued to provide the higher uniform amounts of insurance on the standard basis.

Source: SL 1982, ch 357, § 11.

State Codes and Statutes

Statutes > South-dakota > Title-58 > Chapter-15 > Statutes-58-15-43-7-58-15-43-8

58-15-43.7. Substandard policy--Calculation of adjusted premiums and present value. Notwithstanding any other provisions of §§ 58-15-43.1 to 58-15-43.11, inclusive, to the contrary, in the case of a policy issued on a substandard basis which provides reduced graded amounts of insurance so that, in each policy year, the policy has the same tabular mortality cost as an otherwise similar policy issued on the standard basis which provides higher uniform amounts of insurance, adjusted premiums, and present values for such substandard policy may be calculated as if it were issued to provide the higher uniform amounts of insurance on the standard basis.

Source: SL 1982, ch 357, § 11.

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State Codes and Statutes

Statutes > South-dakota > Title-58 > Chapter-15 > Statutes-58-15-43-7-58-15-43-8

58-15-43.7. Substandard policy--Calculation of adjusted premiums and present value. Notwithstanding any other provisions of §§ 58-15-43.1 to 58-15-43.11, inclusive, to the contrary, in the case of a policy issued on a substandard basis which provides reduced graded amounts of insurance so that, in each policy year, the policy has the same tabular mortality cost as an otherwise similar policy issued on the standard basis which provides higher uniform amounts of insurance, adjusted premiums, and present values for such substandard policy may be calculated as if it were issued to provide the higher uniform amounts of insurance on the standard basis.

Source: SL 1982, ch 357, § 11.