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2019 South Dakota Codified Laws
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 determined.
- § 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 Suitability information required before purchase or exchange of annuity.
- § 58-33A-17.1 Reasonable basis to believe annuity is suitable based on suitability information.
- § 58-33A-18 Conditions resulting in no obligation to consumer.
- § 58-33A-19 Reasonableness under circumstances known to insurer.
- § 58-33A-19.1 Documents required at time of sale.
- § 58-33A-20 Insurer's system for supervising recommendations.
- § 58-33A-20.1 Contract for performance of supervision system functions--Responsibility for corrective action--Supervision of performance.
- § 58-33A-20.2 Prohibited conduct by insurance producer.
- § 58-33A-21 to 58-33A-24. Repealed..
- § 58-33A-25 Compliance with Conduct Rules of the Financial Industry Regulatory Authority.
- § 58-33A-25.1 Insurance producer to have adequate knowledge of annuity product--Required training.
- § 58-33A-25.2 Annuity training course providers--Training requirements of other states.
- § 58-33A-25.3 Insurer to verify insurance producer has completed annuity training course.
- § 58-33A-26 Corrective action for violations.
- § 58-33A-27 Records regarding recommendations.
- § 58-33A-28 Multi-state plan sale or solicitation of health insurance outside of exchange prohibited.
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