South Dakota § 58-33A-18 Conditions resulting in no obligation to consumer.

South Dakota Statutes

§ 58-33A-18 — Conditions resulting in no obligation to consumer.

South Dakota § 58-33A-18

Title 58INSURANCE

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

This text of South Dakota § 58-33A-18 (Conditions resulting in no obligation to consumer.) 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-18 (2026).

Text

Except as provided pursuant to § 58-33A-19 , a producer has no obligation to a consumer under §§ 58-33A-16.1 to 58-33A-16.3 , inclusive, and § 58-33A-17 related to any annuity transaction if:

(1)A consumer refuses to provide relevant consumer profile information and the annuity transaction is not recommended;

(2)A consumer decides to enter into an annuity transaction that is not based on a recommendation of the producer;

(3)A recommendation was made and was later found to have been prepared based on materially inaccurate information provided by the consumer; or (4) No recommendation is made.

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Except as provided pursuant to § 58-33A-19 , a producer has no obligation to a consumer under §§ 58-33A-16.1 to 58-33A-16.3 , inclusive, and § 58-33A-17 related to any annuity transaction if: (1) A consumer refuses to provide relevant consumer profile information and the annuity transaction is not recommended; (2) A consumer decides to enter into an annuity transaction that is not based on a recommendation of the producer; (3) A recommendation was made and was later found to have been prepared based on materially inaccurate information provided by the consumer; or (4) No recommendation is made.