There is a newer version of the South Dakota Codified Laws
2011 South Dakota Code
Title 58 INSURANCE
Chapter 33A. Standards For Advertisement, Solicitation, And Sale Of Life And Health Insurance
- §58-33A-1 Applicability of chapter.
- §58-33A-2 Purpose of chapter.
- §58-33A-3 "Advertisement" defined.
- §58-33A-4 Certain material and communication not deemed to be advertisement.
- §58-33A-5 Outline of coverage to accompany all health insurance policies or subscriber contracts--Acknowledgment of receipt or certificate of delivery.
- §58-33A-6 Format and content of outline of coverage--"Format" defined--Outline of coverage requirements.
- §58-33A-7 Director authorized to promulgate rules--Scope of rules.
- §58-33A-8 Required disclosures to be clear and conspicuous.
- §58-33A-8.1 Disclosure of usual, customary, and reasonable limitation provision required.
- §58-33A-9 Buyer's guide and policy summary to be provided to all prospective life insurance purchasers--Illustration in lieu of policy summary--Director authorized to promulgate rules.
- §58-33A-10 Advertisements not to be deceptive or misleading--Standard to be used in determination.
- §58-33A-11 Insurer to maintain file of advertisements--Division may inspect files--Period for which files must be maintained.
- §58-33A-12 Director's prior approval may be required--Other remedies not precluded.
- §58-33A-13 Definition of terms.
- §58-33A-14 Recommendations to purchase or exchange annuities subject to requirements.
- §58-33A-15 Exemptions from requirements.
- §58-33A-16 Reasonable grounds for recommendation.
- §58-33A-17 Information required before purchase or exchange of annuity.
- §58-33A-18 Conditions resulting in no obligation to consumer.
- §58-33A-19 Reasonableness under circumstances known to insurer.
- §58-33A-20 Insurer's system for supervising recommendations.
- §58-33A-21 Agent's system for supervising recommendations.
- §58-33A-22 Agreement with third party for system to supervise recommendations--Certification.
- §58-33A-23 Review of all solicited transactions not required.
- §58-33A-24 Requirements for certification.
- §58-33A-25 Compliance with Conduct Rules of the National Association of Securities Dealers.
- §58-33A-26 Corrective action for violations.
- §58-33A-27 Records regarding recommendations.
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