58-33A-19.3. Issuance by insurer to be reasonable and address consumer needs.Except as permitted under §§58-33A-18 and 58-33A-19, an insurer may not issue an annuity recommended to a consumer unless there is a reasonable basis to believe the annuity would effectively address the particular consumer’s financial situation, insurance needs, and financial objectives based on the consumer’s profile information. Source: SL 2022, ch 186, §19, eff. Jan. 1, 2023.
South Dakota Legal Code