South Dakota § 58-48-10 Consumer disclosures--Digital disclosure receipts.

South Dakota Statutes

§ 58-48-10 — Consumer disclosures--Digital disclosure receipts.

South Dakota § 58-48-10

Title 58INSURANCE

Ch. 58-47PORTABLE ELECTRONICS INSURANCE

This text of South Dakota § 58-48-10 (Consumer disclosures--Digital disclosure receipts.) 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 § 58-48-10 (2026).

Text

Disclosures must be provided to consumers by a participant before providing an innovative insurance product or service in clear and conspicuous form disclosing the following:

(1)The name and contact information of the participant;

(2)That the innovative insurance product or service is authorized pursuant to a waiver;

(3)That the participant does not have a license or other authorization to provide an insurance product or service under state laws that regulate insurance products or services outside a waiver, if applicable;

(4)That the innovative insurance product or service may not function as intended and may expose the consumer to financial risk;

(5)That the participant is not immune from civil liability for any losses or damages caused by the innovative insurance prod

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Disclosures must be provided to consumers by a participant before providing an innovative insurance product or service in clear and conspicuous form disclosing the following: (1) The name and contact information of the participant; (2) That the innovative insurance product or service is authorized pursuant to a waiver; (3) That the participant does not have a license or other authorization to provide an insurance product or service under state laws that regulate insurance products or services outside a waiver, if applicable; (4) That the innovative insurance product or service may not function as intended and may expose the consumer to financial risk; (5) That the participant is not immune from civil liability for any losses or damages caused by the innovative insurance product or service; (6) That the innovative insurance product or service is not covered by any guaranty association if the participant becomes unable to pay claims; (7) That the state does not endorse or recommend the innovative insurance product or service; (8) That the innovative insurance product or service is a temporary test that may be discontinued at the termination of the testing period; (9) The expected termination date of the testing period; and (10) That a consumer may contact the division to file a complaint regarding the innovative insurance product or service being tested and provide the division's telephone number and website address where a complaint may be filed. The director may require additional disclosures for the protection of consumers. A digital receipt from a consumer acknowledging the disclosures is required if the disclosures are delivered through an internet or application-based platform.