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South Dakota Codified Laws
Title 58
Chapter 58-33A
S.D. Codified Laws ch. 58-33A
Standards for Advertisement, Solicitation, and Sale of Life and Health Insurance
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58-33A-1
Applicability of chapter.
58-33A-2
Purpose of chapter.
58-33A-3
"Advertisement" defined.
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
Definitions.
58-33A-14
Recommendations to purchase or exchange annuities subject to requirements.
58-33A-15
Exemptions from requirements.
58-33A-16
Annuity--Best interest standard--Material control or influence.
58-33A-16.1
Annuity--Recommendation--Producer responsibilities.
58-33A-16.2
Recommendation--Producer responsibilities--Applicability and intent.
58-33A-16.3
Considerations for annuity replacement or exchange.
58-33A-16.4
Recommendation--Sale of annuity--Informed consumer.
58-33A-16.5
Recommendation--Sale of annuity--Disclosure to consumer.
58-33A-16.6
Additional disclosure upon request.
58-33A-16.7
Disclosure of producer conflicts of interest required--Certain factors excluded.
58-33A-17
Repealed
Repealed
58-33A-17.1
Repealed
Repealed
58-33A-18
Conditions resulting in no obligation to consumer.
58-33A-19
Reasonableness under circumstances known to insurer.
58-33A-19.1
Repealed
Repealed
58-33A-19.2
Producer obligations--Documentation--Time of recommendation or sale.
58-33A-19.3
Issuance by insurer to be reasonable and address consumer needs.
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
Repealed
Repealed
58-33A-25
Compliance with comparable standards by financial professional.
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 producer has completed annuity training course.
58-33A-25.4
Authorized insurance business--Other licenses.
58-33A-25.5
Definition of terms--Compliance with Conduct Rules.
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.