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2021 South Dakota Codified Laws
Title 58 - Insurance
Chapter 33A - Standards For Advertisement, Solicitation, And Sale Of Life And Health Insurance
- Section 58-33A-1 - Applicability of chapter.
- Section 58-33A-2 - Purpose of chapter.
- Section 58-33A-3 - Advertisement determined.
- Section 58-33A-4 - Certain material and communication not deemed to be advertisement.
- Section 58-33A-5 - Outline of coverage to accompany all health insurance policies or subscriber contracts--Acknowledgment of receipt or certificate of delivery.
- Section 58-33A-6 - Format and content of outline of coverage--"Format" defined--Outline of coverage requirements.
- Section 58-33A-7 - Director authorized to promulgate rules--Scope of rules.
- Section 58-33A-8 - Required disclosures to be clear and conspicuous.
- Section 58-33A-8.1 - Disclosure of usual, customary, and reasonable limitation provision required.
- Section 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.
- Section 58-33A-10 - Advertisements not to be deceptive or misleading--Standard to be used in determination.
- Section 58-33A-11 - Insurer to maintain file of advertisements--Division may inspect files--Period for which files must be maintained.
- Section 58-33A-12 - Director's prior approval may be required--Other remedies not precluded.
- Section 58-33A-13 - Definition of terms.
- Section 58-33A-14 - Recommendations to purchase or exchange annuities subject to requirements.
- Section 58-33A-15 - Exemptions from requirements.
- Section 58-33A-16 - Reasonable grounds for recommendation.
- Section 58-33A-17 - Suitability information required before purchase or exchange of annuity.
- Section 58-33A-17.1 - Reasonable basis to believe annuity is suitable based on suitability information.
- Section 58-33A-18 - Conditions resulting in no obligation to consumer.
- Section 58-33A-19 - Reasonableness under circumstances known to insurer.
- Section 58-33A-19.1 - Documents required at time of sale.
- Section 58-33A-20 - Insurer's system for supervising recommendations.
- Section 58-33A-20.1 - Contract for performance of supervision system functions--Responsibility for corrective action--Supervision of performance.
- Section 58-33A-20.2 - Prohibited conduct by insurance producer.
- Section 58-33A-21 - to 58-33A-24. Repealed..
- Section 58-33A-25 - Compliance with Conduct Rules of the Financial Industry Regulatory Authority.
- Section 58-33A-25.1 - Insurance producer to have adequate knowledge of annuity product--Required training.
- Section 58-33A-25.2 - Annuity training course providers--Training requirements of other states.
- Section 58-33A-25.3 - Insurer to verify insurance producer has completed annuity training course.
- Section 58-33A-26 - Corrective action for violations.
- Section 58-33A-27 - Records regarding recommendations.
- Section 58-33A-28 - Multi-state plan sale or solicitation of health insurance outside of exchange prohibited.
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