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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-18 Conditions resulting in no obligation to consumer.
Universal Citation: SD Codified L § 58-33A-18 (2019)
58-33A-18. Conditions resulting in no obligation to consumer. Except as provided pursuant to § 58-33A-19, no insurance producer nor any insurer has any obligation to a consumer under § 58-33A-16 related to any recommendation if:
(1) A consumer refuses to provide relevant suitability information and the annuity transaction is not recommended;
(2) A consumer decides to enter into an insurance transaction that is not based on a recommendation of the insurer or insurance producer;
(3) A recommendation was made and was later found to have been prepared based on materially inaccurate information provided by the consumer; or
(4) No recommendation is made.
Source: SL 2008, ch 273, § 6; SL 2012, ch 250, § 4.
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