Standards For Advertisement, Solicitation, And Sale Of Life And Health Insurance

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  2. South Dakota Codified Laws
  3. Insurance
  4. Standards For Advertisement, Solicitation, And Sale Of Life And Health Insurance

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Section
58-33A-1

Applicability of chapter.

Section
58-33A-2

Purpose of chapter.

Section
58-33A-3

Advertisement determined.

Section
58-33A-4

Certain material and communication not deemed to be advertisement.

Section
58-33A-5

Outline of coverage to accompany all health insurance policies or subscriber contracts--Acknowledgment of receipt or certificate of delivery.

Section
58-33A-6

Format and content of outline of coverage--"Format" defined--Outline of coverage requirements.

Section
58-33A-7

Director authorized to promulgate rules--Scope of rules.

Section
58-33A-8

Required disclosures to be clear and conspicuous.

Section
58-33A-8.1

Disclosure of usual, customary, and reasonable limitation provision required.

Section
58-33A-9

Buyer's guide and policy summary to be provided to all prospective life insurance purchasers--Illustration in lieu of policy summary--Director authorized to promulgate rules.

Section
58-33A-10

Advertisements not to be deceptive or misleading--Standard to be used in determination.

Section
58-33A-11

Insurer to maintain file of advertisements--Division may inspect files--Period for which files must be maintained.

Section
58-33A-12

Director's prior approval may be required--Other remedies not precluded.

Section
58-33A-13

Definition of terms.

Section
58-33A-14

Recommendations to purchase or exchange annuities subject to requirements.

Section
58-33A-15

Exemptions from requirements.

Section
58-33A-16

Reasonable grounds for recommendation.

Section
58-33A-17

Suitability information required before purchase or exchange of annuity.

Section
58-33A-17.1

Reasonable basis to believe annuity is suitable based on suitability information.

Section
58-33A-18

Conditions resulting in no obligation to consumer.

Section
58-33A-19

Reasonableness under circumstances known to insurer.

Section
58-33A-19.1

Documents required at time of sale.

Section
58-33A-20

Insurer's system for supervising recommendations.

Section
58-33A-20.1

Contract for performance of supervision system functions--Responsibility for corrective action--Supervision of performance.

Section
58-33A-20.2

Prohibited conduct by insurance producer.

Sections
58-33A-21 - to 58-33A-24

Repealed..

Section
58-33A-25

Compliance with Conduct Rules of the Financial Industry Regulatory Authority.

Section
58-33A-25.1

Insurance producer to have adequate knowledge of annuity product--Required training.

Section
58-33A-25.2

Annuity training course providers--Training requirements of other states.

Section
58-33A-25.3

Insurer to verify insurance producer has completed annuity training course.

Section
58-33A-26

Corrective action for violations.

Section
58-33A-27

Records regarding recommendations.

Section
58-33A-28

Multi-state plan sale or solicitation of health insurance outside of exchange prohibited.