§ 20:06:21:53

ARSD 20:06:21:53

Appropriateness of recommended purchase or replacement.

Effective Oct 20, 199623 SDR 55Source: 23 SDR 55, effective October 20, 1996. | General Authority: SDCL 58-17B-4 . | Law Implemented: SDCL 58-17B-4 , 58-17B-5.1 .

In recommending the purchase or replacement of a long-term care insurance policy or certificate, an agent must make a reasonable effort to determine the appropriateness of a recommended purchase or replacement. The provisions of §§ 20:06:13:43.01 and 20:06:13:43.02 apply to this chapter.

Source: 23 SDR 55, effective October 20, 1996.

General Authority: SDCL 58-17B-4 .

Law Implemented: SDCL 58-17B-4 , 58-17B-5.1 .