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§ 58-26-74 Alternative method for determination of reference interest rate.

SD Codified L § 58-26-74 (2019) (N/A)
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58-26-74. Alternative method for determination of reference interest rate. If the Monthly Average of the Composite Yield on Seasoned Corporate Bonds is no longer published by Moody's Investors Service, Inc., or if the NAIC determines that the Monthly Average of the Composite Yield on Seasoned Corporate Bonds as published by Moody's Investors Service, Inc., is no longer appropriate for the determination of the reference interest rate, then an alternative method for determination of the reference interest rate, which is adopted by the NAIC and approved by rules promulgated pursuant to chapter 1-26 by the director, may be substituted.

Source: SL 1995, ch 284, § 30; SL 2015, ch 254, § 16.

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§ 58-26-73 Reference interest rate defined.
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