S.D. Admin. R. 48:01:04:13
The payment of prize money may not be accelerated before its normal date of payment except in the event of the death of a prize winner during the annuity payment period. The commission, in its sole discretion and upon the petition of the estate of the prize winner, may accelerate the payment of all remaining prize proceeds to the estate. If the commission approves the request, the securities or cash, or both, held for the deceased prize winner which represents the present value of the portion of the future prize payments to be accelerated shall be distributed to the estate. The commission is solely responsible for the valuation of the securities and determination of the present value of the accelerated prize payment.
S.D. Admin. R. 48:01:04:13
General Authority: SDCL 42-7A-21(3)(17).
Law Implemented: SDCL 42-7A-21(3)(17).