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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-19.1 Documents required at time of sale.
Universal Citation: SD Codified L § 58-33A-19.1 (2019)
58-33A-19.1. Documents required at time of sale. An insurance producer or, if no insurance producer is involved, the responsible insurer representative, shall at the time of sale:
(1) Make a record of any recommendation subject to § 58-33A-16;
(2) Obtain a customer signed statement documenting a customer's refusal to provide suitability information, if any; and
(3) Obtain a customer signed statement acknowledging that an annuity transaction is not recommended if a customer decides to enter into an annuity transaction that is not based on the insurance producer's or insurer's recommendation.
Source: SL 2012, ch 250, § 6.
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