South Dakota § 58-33A-14 Recommendations to purchase or exchange annuities subject to requirements.

South Dakota Statutes

§ 58-33A-14 — Recommendations to purchase or exchange annuities subject to requirements.

South Dakota·Title 58 INSURANCE·Ch. 58-32 STANDARDS FOR ADVERTISEMENT, SOLICITATION, AND SALE OF LIFE AND HEALTH INSURANCE

Sections 58-33A-13 to 58-33A-27 , inclusive, apply to any recommendation or sale of an annuity. The purpose of §§ 58-33A-13 to 58-33A-27 , inclusive, is to require producers, as defined in § 58-33A-13 , to act in the best interest of the consumer when making a recommendation of an annuity and to require insurers to establish and maintain a system to supervise recommendations so that the insurance needs and financial objectives of consumers at the time of the transaction are effectively addressed. Nothing in §§ 58-33A-13 to 58-33A-27 , inclusive, creates or implies a private cause of action for a violation of §§ 58-33A-13 to 58-33A-27 , inclusive, or subjects a producer to civil liability under the best interest standard of care outlined in § 58-33A-16 or under standards governing the condu

Free access — add to your briefcase to read the full text and ask questions with AI

Sections 58-33A-13 to 58-33A-27 , inclusive, apply to any recommendation or sale of an annuity. The purpose of §§ 58-33A-13 to 58-33A-27 , inclusive, is to require producers, as defined in § 58-33A-13 , to act in the best interest of the consumer when making a recommendation of an annuity and to require insurers to establish and maintain a system to supervise recommendations so that the insurance needs and financial objectives of consumers at the time of the transaction are effectively addressed. Nothing in §§ 58-33A-13 to 58-33A-27 , inclusive, creates or implies a private cause of action for a violation of §§ 58-33A-13 to 58-33A-27 , inclusive, or subjects a producer to civil liability under the best interest standard of care outlined in § 58-33A-16 or under standards governing the conduct of a fiduciary or a fiduciary relationship.

South Dakota § 58-33A-14 (Recommendations to purchase or exchange annuities subject to requirements.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.