Required change in assumption or method and adjustment of reserves.

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58-26-97. Required change in assumption or method and adjustment of reserves.

The director may require a company to change any assumption or method that in the opinion of the director is necessary in order to comply with the requirements of the valuation manual or this chapter; and the company shall adjust the reserves as required by the director. The director may take other disciplinary action as permitted pursuant to the laws of this state.

Source: SL 2015, ch 254, §31.


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