South Dakota § 58-33A-16.7 Disclosure of producer conflicts of interest required--Certain factors excluded.

South Dakota Statutes

§ 58-33A-16.7 — Disclosure of producer conflicts of interest required--Certain factors excluded.

South Dakota § 58-33A-16.7

Title 58INSURANCE

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

This text of South Dakota § 58-33A-16.7 (Disclosure of producer conflicts of interest required--Certain factors excluded.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.D. Codified Laws § 58-33A-16.7 (2026).

Text

A producer shall identify and avoid or reasonably manage and disclose material conflicts of interest, including material conflicts of interest related to an ownership interest. The following factors, when considered in isolation, are not material conflicts of interest:

(1)The producer has a minority ownership in an insurer or licensed business entity;

(2)The producer has a majority ownership in a licensed business entity, if the ownership is conspicuously disclosed to the consumer; or (3) An immediate family member is employed by a licensed business entity.

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

A producer shall identify and avoid or reasonably manage and disclose material conflicts of interest, including material conflicts of interest related to an ownership interest. The following factors, when considered in isolation, are not material conflicts of interest: (1) The producer has a minority ownership in an insurer or licensed business entity; (2) The producer has a majority ownership in a licensed business entity, if the ownership is conspicuously disclosed to the consumer; or (3) An immediate family member is employed by a licensed business entity.