South Dakota Statutes
§ 58-33A-19.3 — Issuance by insurer to be reasonable and address consumer needs.
South Dakota § 58-33A-19.3
JurisdictionSouth Dakota
Title 58INSURANCE
Ch. 58-32STANDARDS FOR ADVERTISEMENT, SOLICITATION, AND SALE OF LIFE AND HEALTH INSURANCE
This text of South Dakota § 58-33A-19.3 (Issuance by insurer to be reasonable and address consumer needs.) 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-19.3 (2026).
Text
Except as permitted under §§ 58-33A-18 and 58-33A-19 , an insurer may not issue an annuity recommended to a consumer unless there is a reasonable basis to believe the annuity would effectively address the particular consumer’s financial situation, insurance needs, and financial objectives based on the consumer’s profile information.
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Legislative History
SL 2022, ch 186, § 19, eff. Jan. 1, 2023.
Nearby Sections
15
§ 58-1-1
Citation of title.§ 58-1-11
General saving clause.§ 58-1-13
Severability of provisions.§ 58-1-14
Notice of nonrenewal of policy must be mailed sixty days prior to renewal date--Exceptions.§ 58-1-14.1
Notice of refusal to renew--Thirty§ 58-1-16.1
Applicability of §§ 58-1-18
Repealed by SL 2012, ch 252, § 30.§ 58-1-2
Definition of terms.Cite This Page — Counsel Stack
Bluebook (online)
South Dakota § 58-33A-19.3, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/58-33A-19.3.