Statutes, codes, and regulations
South Dakota Codified Laws
Title 58 - INSURANCE
Chapter 28 - SEPARATE LIFE INSURANCE AND ANNUITY ACCOUNTS
Section 58-28-31 - Regulation of variable contracts by director-Rules-Review of contracts-Disclosure document

S.D. Codified Laws § 58-28-31

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Current through the 2024 Legislative Session
Section 58-28-31 - Regulation of variable contracts by director-Rules-Review of contracts-Disclosure document

The director has sole authority to regulate the issuance and sale of variable contracts and promulgate rules to carry out the purposes and provisions of this chapter. The Division of Insurance may, upon request by the director, review the underlying investments in securities of variable contracts. The Division of Insurance may require filing a disclosure document with the Division of Insurance pursuant to chapter 47-31B.

SDCL 58-28-31

SL 1966, ch 111, ch 6, § 36(10) as added by SL 1967, ch 131; SDCL § 58-28-11; SL 1969, ch 133; SL 1971, ch 266, § 4; SL 1986, ch 22, § 37; SL 1993, ch 365; SL 2004, ch 278, §66; SL 2017, ch 231 (Ex. Ord. 17-2), § 19, eff. Apr. 13, 2017.