S.D. Admin. R. 20:06:08:57

Current through Register Vol. 51, page 57, November 12, 2024
Section 20:06:08:57 - Required documents

When the applicant has existing policies or contracts, each insurer shall produce on request copies of any sales material required by § 20:06:08:53, the basic illustration and any supplemental illustrations related to the specific policy or contract that is purchased, and the producer's and applicant's signed statements with respect to financing and replacement for at least five years after the termination or expiration of the proposed policy or contract. Each insurer must ascertain that the sales material and illustrations required by § 20:06:08:53 meet the requirements of this chapter and are complete and accurate for the proposed policy or contract.

S.D. Admin. R. 20:06:08:57

39 SDR 55, effective 10/4/2012.

General Authority: SDCL 58-33A-7(10).

Law Implemented: SDCL 58-33-5, 58-33-6, 58-33-7, 58-33-8, 58-33A-1, 58-33A-2.