reglab/housing_qa huggingface dataset:
SD Codified L § 58-33A-20.2 (2021)
2021 South Dakota Codified Laws|Title 58 - Insurance|Chapter 33A - Standards For Advertisement, Solicitation, And Sale Of Life And Health Insurance|Section 58-33A-20.2 - Prohibited conduct by insurance producer.

58-33A-20.2. Prohibited conduct by insurance producer.No insurance producer may dissuade, or attempt to dissuade, a consumer from:(1)Truthfully responding to an insurer's request for confirmation of suitability information;(2)Filing a complaint; or(3)Cooperating with the investigation of a complaint. Source: SL 2012, ch 250, §9.
SD Codified L § 58-33A-25 (2021)
2021 South Dakota Codified Laws|Title 58 - Insurance|Chapter 33A - Standards For Advertisement, Solicitation, And Sale Of Life And Health Insurance|Section 58-33A-25 - Compliance with Conduct Rules of the Financial Industry Regulatory Authority.

58-33A-25. Compliance with Conduct Rules of the Financial Industry Regulatory Authority.If the director finds that the Conduct Rules of the Financial Industry Regulatory Authority meet or exceed the requirements of §§58-33A-16 to 58-33A-26, inclusive, then any recommendations made for variable annuities that comply with the Conduct Rules of the Financial Industry Regulatory Authority meet the requirements of §§58-33A-16 to 58-33A-26, inclusive. For this section to apply, an insurer shall:(1)Monitor the Financial Industry Regulatory Authority member broker-dealer using information collected in the normal course of an insurer's business; and(2)Provide to the Financial Industry Regulatory Authority member broker-dealer information and reports that are reasonably appropriate to assist the Financial Industry Regulatory Authority member broker-dealer to maintain its supervision system. Source: SL 2008, ch 273, §13; SL 2012, ch 250, §10.
SD Codified L § 58-33A-25.1 (2021)
2021 South Dakota Codified Laws|Title 58 - Insurance|Chapter 33A - Standards For Advertisement, Solicitation, And Sale Of Life And Health Insurance|Section 58-33A-25.1 - Insurance producer to have adequate knowledge of annuity product--Required training.

58-33A-25.1. Insurance producer to have adequate knowledge of annuity product--Required training.No insurance producer may solicit the sale of an annuity product unless the insurance producer has adequate knowledge of the product to recommend the annuity and the insurance producer is in compliance with the insurer's standards for product training. An insurance producer may rely on insurer-provided product-specific training standards and materials to comply with this section. An insurance producer who engages in the sale of annuity products shall complete a one-time four credit training course approved by the director and provided by a director-approved education provider.Any insurance producer who holds a life insurance line of authority on July 1, 2012 and who desires to sell annuities shall complete the requirements of this section within six months after July 1, 2012. Any person who obtains a life insurance line of authority on or after July 1, 2012 may not engage in the sale of annuities unless the annuity training course required under this section has been completed. The minimum length of the training required under this section shall be sufficient to qualify for at least four continuing education credits, but may be longer. The training required under this section shall include information on the following subjects:(1)The types of annuities and various classifications of annuities;(2)Identification of the parties to an annuity;(3)How fixed, variable, and indexed annuity contract provisions affect consumers;(4)The application of income taxation of qualified and nonqualified annuities;(5)The primary uses of annuities; and(6)Appropriate sales practices, replacement, and disclosure requirements. Source: SL 2012, ch 250, §11.
SD Codified L § 58-33A-25.2 (2021)
2021 South Dakota Codified Laws|Title 58 - Insurance|Chapter 33A - Standards For Advertisement, Solicitation, And Sale Of Life And Health Insurance|Section 58-33A-25.2 - Annuity training course providers--Training requirements of other states.

58-33A-25.2. Annuity training course providers--Training requirements of other states.Each course provider intending to comply with §58-33A-25.1 shall cover all subjects listed in §58-33A-25.1. No provider of such course may present any marketing information or provide training on sales techniques or provide specific information about a particular insurer's products. Additional subjects may be offered in conjunction with and in addition to the required subjects. Each provider of an annuity training course intending to comply with §58-33A-25.1 shall register as a continuing education provider in this state and shall comply with the rules applicable to insurance producer continuing education courses as set forth in chapter 58-30.An annuity training course may be conducted and completed by classroom or self-study methods. Each provider of annuity training shall comply with the reporting requirements and shall issue certificates of completion in accordance with chapter 58-30. The satisfaction of the training requirements of another state that are substantially similar to the provisions of this section satisfy the training requirements of this section and §58-33A-25.1. Source: SL 2012, ch 250, §12.
SD Codified L § 58-33A-25.3 (2021)
2021 South Dakota Codified Laws|Title 58 - Insurance|Chapter 33A - Standards For Advertisement, Solicitation, And Sale Of Life And Health Insurance|Section 58-33A-25.3 - Insurer to verify insurance producer has completed annuity training course.

58-33A-25.3. Insurer to verify insurance producer has completed annuity training course.An insurer shall verify that an insurance producer has completed the annuity training course required pursuant to §58-33A-25.1 before allowing the producer to sell an annuity product for that insurer. An insurer may satisfy its responsibility under this section by obtaining certificates of completion of the training course or obtaining reports provided by a director-sponsored database system or vendor or from a reasonably reliable commercial database vendor that has a reporting arrangement with an approved insurance education provider. Source: SL 2012, ch 250, §13.
SD Codified L § 58-33A-26 (2021)
2021 South Dakota Codified Laws|Title 58 - Insurance|Chapter 33A - Standards For Advertisement, Solicitation, And Sale Of Life And Health Insurance|Section 58-33A-26 - Corrective action for violations.

58-33A-26. Corrective action for violations.An insurer is responsible for compliance with §§58-33A-13 to 58-33A-27, inclusive. The director may order:(1)An insurer to take reasonably appropriate corrective action for any consumer harmed by the insurer's, or by its insurance producer's, violation of §§58-33A-13 to 58-33A-27, inclusive;(2)An insurance producer to take reasonably appropriate corrective action for any consumer harmed by the insurance producer's violation of §§58-33A-13 to 58-33A-27, inclusive; and(3)A general agency or independent agency that employs or contracts with an insurance producer to sell, or solicit the sale, of annuities to consumers, to take reasonably appropriate corrective action for any consumer harmed by the insurance producer's violation of §§58-33A-13 to 58-33A-27, inclusive.Any violation of §58-33A-16, 58-33A-17, or 58-33A-19 subjects the insurer, insurance producer, or general agency or independent agency to suspension, revocation, refusal to renew a license, or to a monetary penalty as provided for under this title. However, the penalty may be reduced or eliminated, according to a schedule adopted by the director, if corrective action for the consumer is taken promptly after a violation is discovered or the violation was not part of a pattern or practice. Source: SL 2008, ch 273, §14; SL 2012, ch 250, §14.
SD Codified L § 58-33A-27 (2021)
2021 South Dakota Codified Laws|Title 58 - Insurance|Chapter 33A - Standards For Advertisement, Solicitation, And Sale Of Life And Health Insurance|Section 58-33A-27 - Records regarding recommendations.

58-33A-27. Records regarding recommendations.Each insurer, general agent, independent agency and insurance producer shall maintain or be able to make available to the director records of the information collected from the consumer and other information used in making the recommendations that were the basis for insurance transactions for five years after the insurance transaction is completed by the insurer. An insurer is permitted, but is not required, to maintain documentation on behalf of an insurance producer.Any record required to be maintained by §§58-33A-13 to 58-33A-27, inclusive, may be maintained in paper, photographic, microprocess, magnetic, mechanical or electronic media or by any process that accurately reproduces the actual document. Source: SL 2008, ch 273, §15.
SD Codified L § 58-33A-28 (2021)
2021 South Dakota Codified Laws|Title 58 - Insurance|Chapter 33A - Standards For Advertisement, Solicitation, And Sale Of Life And Health Insurance|Section 58-33A-28 - Multi-state plan sale or solicitation of health insurance outside of exchange prohibited.

58-33A-28. Multi-state plan sale or solicitation of health insurance outside of exchange prohibited.No multi-state plan as described in Section 1334 of the Patient Protection and Affordable Care Act, Pub. L. No. 111-148, 124 Stat. 119 (2010), as amended by the Health Care and Education Reconciliation Act of 2010, Pub. L. No. 111-152, 124 Stat. 1029 (2010) may sell, solicit, negotiate, or otherwise transact health insurance in this state outside of any public exchange which may be operating in this state. Source: SL 2013, ch 249, §3.
SD Codified L § 58-34-1 (2021)
2021 South Dakota Codified Laws|Title 58 - Insurance|Chapter 34 - Reciprocal Insurers|Section 58-34-1 - Reciprocal insurance defined.

58-34-1. Reciprocal insurance defined."Reciprocal" insurance is that resulting from an interexchange among persons, known as "subscribers," of reciprocal agreements of indemnity, the interexchange being effectuated through an "attorney in fact" common to all such persons. Source: SL 1966, ch 111, ch 19, §1.
SD Codified L § 58-34-2 (2021)
2021 South Dakota Codified Laws|Title 58 - Insurance|Chapter 34 - Reciprocal Insurers|Section 58-34-2 - Reciprocal insurer defined.

58-34-2. Reciprocal insurer defined.A "reciprocal insurer" means an unincorporated aggregation of subscribers operating individually and collectively through an attorney in fact to provide reciprocal insurance among themselves. Source: SL 1966, ch 111, ch 19, §2.
SD Codified L § 58-34-3 (2021)
2021 South Dakota Codified Laws|Title 58 - Insurance|Chapter 34 - Reciprocal Insurers|Section 58-34-3 - Attorney defined.

58-34-3. Attorney defined."Attorney," as used in this chapter, refers to the attorney in fact of a reciprocal insurer. The attorney may be an individual, firm, or corporation. Source: SL 1966, ch 111, ch 19, §6.
SD Codified L § 58-34-4 (2021)
2021 South Dakota Codified Laws|Title 58 - Insurance|Chapter 34 - Reciprocal Insurers|Section 58-34-4 - Application of chapter to foreign reciprocal insurers.

58-34-4. Application of chapter to foreign reciprocal insurers.All authorized reciprocal insurers shall be governed by those sections of this chapter not expressly made applicable to domestic reciprocals. Source: SL 1966, ch 111, ch 19, §3 (1).
SD Codified L § 58-34-5 (2021)
2021 South Dakota Codified Laws|Title 58 - Insurance|Chapter 34 - Reciprocal Insurers|Section 58-34-5 - Compliance required of existing insurers.

58-34-5. Compliance required of existing insurers.Authorized reciprocal insurers existing on July 1, 1966, shall after said date comply with the provisions of this chapter, and shall make such amendments to their subscribers' agreements, power of attorney, policies, and other documents and accounts and perform such other acts as may be required for such compliance. Source: SL 1966, ch 111, ch 19, §3 (2).
SD Codified L § 58-34-6 (2021)
2021 South Dakota Codified Laws|Title 58 - Insurance|Chapter 34 - Reciprocal Insurers|Section 58-34-6 - Organization of insurer--Number of persons required.

58-34-6. Organization of insurer--Number of persons required.Twenty-five or more persons domiciled in this state may organize a domestic reciprocal insurer and make application to the director for a certificate of authority. Source: SL 1966, ch 111, ch 19, §7 (1).
SD Codified L § 58-34-7 (2021)
2021 South Dakota Codified Laws|Title 58 - Insurance|Chapter 34 - Reciprocal Insurers|Section 58-34-7 - Application for certificate of authority--Execution and filing--Contents.

58-34-7. Application for certificate of authority--Execution and filing--Contents.The proposed attorney shall execute and file with the director an application for a certificate of authority setting forth:(1)The name of the insurer;(2)The location of the insurer's principal office, which shall be the same as that of the attorney and shall be maintained within this state;(3)The kinds of insurance business proposed to be transacted;(4)The names and addresses of the original subscribers;(5)The designation and appointment of the proposed attorney and a copy of the power of attorney;(6)The names and addresses of the officers and directors of the attorney, if a corporation, or its members, if a firm;(7)The powers of the subscribers' advisory committee; and the names and terms of office of the members thereof;(8)That all moneys paid to the reciprocal shall, after deducting therefrom any sum payable to the attorney, be held in the name of the insurer and for the purposes specified in the subscribers' agreement;(9)A copy of the subscribers' agreement;(10)A statement that each of the original subscribers has in good faith applied for insurance of a kind proposed to be transacted, and that the insurer has received from each such subscriber the full premium or premium deposit required for the policy applied for, for a term of not less than six months at an adequate rate theretofore filed with and approved by the director;(11)A statement of the financial condition of the insurer, a schedule of its assets, and a statement that the surplus as required by §§58-34-14 to 58-34-16, inclusive, is on hand; and(12)A copy of each policy, endorsement and application form it then proposes to issue or use.Such declaration shall be acknowledged by the attorney. Source: SL 1966, ch 111, ch 19, §7 (2).
SD Codified L § 58-34-8 (2021)
2021 South Dakota Codified Laws|Title 58 - Insurance|Chapter 34 - Reciprocal Insurers|Section 58-34-8 - Bond of attorney in fact--Filing with and approval by director.

58-34-8. Bond of attorney in fact--Filing with and approval by director.Concurrently with the filing of the application provided for in §58-34-7, the attorney of a domestic reciprocal insurer shall file with the director a bond in favor of the State of South Dakota for the benefit of all persons damaged as a result of a breach of the conditions of his bond as set forth in §58-34-9. The bond shall be executed by the attorney and by an authorized corporate surety, and shall be subject to the director's approval. Source: SL 1966, ch 111, ch 19, §12 (1).
SD Codified L § 58-34-9 (2021)
2021 South Dakota Codified Laws|Title 58 - Insurance|Chapter 34 - Reciprocal Insurers|Section 58-34-9 - Amount and conditions of bond.

58-34-9. Amount and conditions of bond.The bond required by §58-34-8 shall be in the penal sum of twenty-five thousand dollars, conditioned that the attorney will faithfully account for all moneys and other property of the insurer coming into his hands, and that he will not withdraw or appropriate to his own use from the funds of the insurer, any moneys or property to which he is not entitled. Source: SL 1966, ch 111, ch 19, §12 (2).
SD Codified L § 58-34-10 (2021)
2021 South Dakota Codified Laws|Title 58 - Insurance|Chapter 34 - Reciprocal Insurers|Section 58-34-10 - Advance notice of cancellation of bond.

58-34-10. Advance notice of cancellation of bond.The bond required by §58-34-8 shall provide that it is not subject to cancellation unless thirty days' advance notice in writing of cancellation is given to the attorney and the director. Source: SL 1966, ch 111, ch 19, §12 (3).
SD Codified L § 58-34-11 (2021)
2021 South Dakota Codified Laws|Title 58 - Insurance|Chapter 34 - Reciprocal Insurers|Section 58-34-11 - Deposit in lieu of bond.

58-34-11. Deposit in lieu of bond.In lieu of the bond required under §58-34-8, the attorney may maintain on deposit through the office of the director, a like amount of cash or of securities eligible for deposit under §§58-7-8 to 58-7-10, inclusive, and subject to the same conditions as the bond. Source: SL 1966, ch 111, ch 19, §13.
SD Codified L § 58-34-12 (2021)
2021 South Dakota Codified Laws|Title 58 - Insurance|Chapter 34 - Reciprocal Insurers|Section 58-34-12 - Action on bond or to recover against deposit.

58-34-12. Action on bond or to recover against deposit.Action on the attorney's bond or to recover against any such deposit made in lieu thereof may be brought at any time by one or more subscribers suffering loss through a violation of its conditions or by a receiver or liquidator of the insurer. Amounts recovered on the bond shall be deposited in and become part of the insurer's funds. The total aggregate liability of the surety shall be limited to the amount of the penalty of such bond. Source: SL 1966, ch 111, ch 19, §14.
SD Codified L § 58-34-13 (2021)
2021 South Dakota Codified Laws|Title 58 - Insurance|Chapter 34 - Reciprocal Insurers|Section 58-34-13 - Business name of insurer--Use in suits by and against.

58-34-13. Business name of insurer--Use in suits by and against.A reciprocal insurer shall:(1)Have and use a business name. The name shall include the word "reciprocal," or "interinsurer," or "interinsurance," or "exchange," or "underwriters," or "underwriting."(2)Sue and be sued in its own name. Source: SL 1966, ch 111, ch 19, §5.
SD Codified L § 58-34-14 (2021)
2021 South Dakota Codified Laws|Title 58 - Insurance|Chapter 34 - Reciprocal Insurers|Section 58-34-14 - Surplus funds of domestic reciprocal insurer--Amounts required.

58-34-14. Surplus funds of domestic reciprocal insurer--Amounts required.A domestic reciprocal insurer formed after June 30, 1966, may be authorized to transact insurance if it has otherwise complied with the applicable provisions of this title and has and thereafter maintains surplus funds as follows:(1)To transact property insurance, surplus of not less than two hundred thousand dollars;(2)To transact casualty insurance, without workers' compensation included, surplus of not less than two hundred thousand dollars; to transact casualty insurance, including workers' compensation, surplus of not less than three hundred thousand dollars. Source: SL 1966, ch 111, ch 19, §8 (2).
SD Codified L § 58-34-15 (2021)
2021 South Dakota Codified Laws|Title 58 - Insurance|Chapter 34 - Reciprocal Insurers|Section 58-34-15 - Additional expendable surplus required of new insurer.

58-34-15. Additional expendable surplus required of new insurer.In addition to surplus required to be maintained under §58-34-14, a domestic reciprocal insurer formed after June 30, 1966, shall have, when first authorized to transact insurance, expendable surplus equal to not less than one-half of the minimum amount of surplus required to be maintained. Source: SL 1966, ch 111, ch 19, §8 (3).
SD Codified L § 58-34-16 (2021)
2021 South Dakota Codified Laws|Title 58 - Insurance|Chapter 34 - Reciprocal Insurers|Section 58-34-16 - Additional kinds of insurance transacted--Minimum amount of surplus funds.

58-34-16. Additional kinds of insurance transacted--Minimum amount of surplus funds.A domestic reciprocal insurer may be authorized to transact additional kinds of insurance if it has otherwise complied with the provisions of this title therefor and possesses and maintains surplus funds not less in amount than the minimum capital stock required of a domestic stock insurer for authority to transact a like combination of kinds of insurance, but subject to §§58-6-27 and 58-6-28. Source: SL 1966, ch 111, ch 19, §8 (4).
SD Codified L § 58-34-17 (2021)
2021 South Dakota Codified Laws|Title 58 - Insurance|Chapter 34 - Reciprocal Insurers|Section 58-34-17 - Surplus funds of existing insurers--Laws governing.

58-34-17. Surplus funds of existing insurers--Laws governing.A domestic reciprocal insurer, which held a valid certificate of authority to transact business in this state immediately prior to July 1, 1966, is governed, as to surplus required to be maintained, by §§58-6-27 and 58-6-28. Source: SL 1966, ch 111, ch 19, §8 (1).
SD Codified L § 58-34-18 (2021)
2021 South Dakota Codified Laws|Title 58 - Insurance|Chapter 34 - Reciprocal Insurers|Section 58-34-18 - Issuance of certificate of authority.

58-34-18. Issuance of certificate of authority.The certificate of authority of a reciprocal insurer shall be issued to its attorney in the name of the insurer. Source: SL 1966, ch 111, ch 19, §9 (1).
SD Codified L § 58-34-19 (2021)
2021 South Dakota Codified Laws|Title 58 - Insurance|Chapter 34 - Reciprocal Insurers|Section 58-34-19 - Refusal, suspension, or revocation of certificate of authority--Grounds.

58-34-19. Refusal, suspension, or revocation of certificate of authority--Grounds.The director may refuse, suspend, or revoke the certificate of authority, in addition to other grounds therefor, for failure of the attorney to comply with any provision of this title. Source: SL 1966, ch 111, ch 19, §9 (2).
SD Codified L § 58-34-20 (2021)
2021 South Dakota Codified Laws|Title 58 - Insurance|Chapter 34 - Reciprocal Insurers|Section 58-34-20 - Rights and powers of attorney provided by subscribers' agreement.

58-34-20. Rights and powers of attorney provided by subscribers' agreement.The rights and powers of the attorney of a reciprocal insurer shall be as provided in the power of attorney given it by the subscribers. Source: SL 1966, ch 111, ch 19, §10 (1).
SD Codified L § 58-34-21 (2021)
2021 South Dakota Codified Laws|Title 58 - Insurance|Chapter 34 - Reciprocal Insurers|Section 58-34-21 - Power of attorney--Form and contents.

58-34-21. Power of attorney--Form and contents.The power of attorney described in §58-34-20 must set forth:(1)The powers of the attorney;(2)That the attorney is empowered to accept service of process on behalf of the insurer and to authorize the director to receive service of process in actions against the insurer upon contracts exchanged;(3)The general services to be performed by the attorney;(4)The maximum amount to be deducted from advanced premiums or deposits to be paid to the attorney and the general items of expense in addition to losses, to be paid by the insurer; and(5)Except as to nonassessable policies, a provision for a contingent several liability of each subscriber in a specified amount which amount shall be not less than one nor more than ten times the premium or premium deposit stated in the policy. Source: SL 1966, ch 111, ch 19, §10 (2).
SD Codified L § 58-34-22 (2021)
2021 South Dakota Codified Laws|Title 58 - Insurance|Chapter 34 - Reciprocal Insurers|Section 58-34-22 - Power of attorney--Terms--Approval by director.

58-34-22. Power of attorney--Terms--Approval by director.The terms of any power of attorney or agreement collateral thereto shall be fair and equitable, and no such power or agreement shall be effective as to a domestic reciprocal insurer until approved by the director. Source: SL 1966, ch 111, ch 19, §10 (3).
SD Codified L § 58-34-23 (2021)
2021 South Dakota Codified Laws|Title 58 - Insurance|Chapter 34 - Reciprocal Insurers|Section 58-34-23 - Service of legal process upon domestic insurer.

58-34-23. Service of legal process upon domestic insurer.Legal process shall be served upon a domestic reciprocal insurer by serving the insurer's attorney at his principal offices or by serving the director as the insurer's process agent under §58-6-39. Source: SL 1966, ch 111, ch 19, §15 (1).