2014 South Dakota Codified Laws
Title 58 - INSURANCE
Chapter 17E - Discount Medical Plans
§ 58-17E-39 Disclosure that product not insurance required--Advertisements--Rules--Revocationof registration--Agents.

58-17E-39. Disclosure that product not insurance required--Advertisements--Rules--Revocation of registration--Agents. Any person subject to registration pursuant to § 58-17E-9 shall prominently and boldly disclose that the product is not insurance. Any advertisements or solicitations made by such a person are subject to the provisions of §§ 58-33A-2 to 58-33A-4, inclusive, and §§ 58-33A-7 to 58-33A-8, inclusive, and §§ 58-33A-10 to 58-33A-12, inclusive. Any administrative rule promulgated pursuant to § 58-33A-7 does not apply to those registered pursuant to §§ 58-17E-9, 58-17E-39, 58-17E-41, and 58-17E-45, inclusive, unless specifically referenced in the rule. If any such person fails to comply with these provisions or the provisions of §§ 58-17E-9, 58-17E-39, 58-17E-41, and 58-17E-45, inclusive, the director may take action in the same manner as provided for by § 58-17C-67 and may revoke the registration. Any such action by the director is subject to notice and hearing as provided by chapter 1-26 and § 58-4-7. A person acting as an agent as defined in chapter 58-30 who sells, solicits, or negotiates a plan or program containing insurance benefits shall meet the licensing and appointment requirements of that chapter if such person is otherwise required to be licensed by chapter 58-30.

Source: SL 2005, ch 269, § 2; SDCL, § 58-17C-105.