South Dakota § 58-33A-19.2 Producer obligations--Documentation--Time of recommendation or sale.

South Dakota Statutes

§ 58-33A-19.2 — Producer obligations--Documentation--Time of recommendation or sale.

South Dakota § 58-33A-19.2

Title 58INSURANCE

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

This text of South Dakota § 58-33A-19.2 (Producer obligations--Documentation--Time of recommendation or sale.) 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-19.2 (2026).

Text

A producer shall, at the time of the recommendation or sale:

(1)Make a written record of any recommendation and the basis for the recommendation subject to the obligations required in §§ 58-33A-13 to 58-33A-27 , inclusive;

(2)Obtain a consumer signed statement on a form substantially similar to the form prescribed by the director and available on the division’s website documenting:

(a)A customer’s refusal to provide the consumer profile information, if any;

(b)A customer’s understanding of the ramifications of not providing his or her consumer profile information or providing insufficient consumer profile information; and (3) Obtain a consumer signed statement acknowledging the annuity transaction is not recommended if a customer decides to enter into an annuity transact

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

A producer shall, at the time of the recommendation or sale: (1) Make a written record of any recommendation and the basis for the recommendation subject to the obligations required in §§ 58-33A-13 to 58-33A-27 , inclusive; (2) Obtain a consumer signed statement on a form substantially similar to the form prescribed by the director and available on the division’s website documenting: (a) A customer’s refusal to provide the consumer profile information, if any; (b) A customer’s understanding of the ramifications of not providing his or her consumer profile information or providing insufficient consumer profile information; and (3) Obtain a consumer signed statement acknowledging the annuity transaction is not recommended if a customer decides to enter into an annuity transaction that is not based on the producer’s recommendation on a form substantially similar to a form prescribed by the director.