South Dakota Administrative Code

Rule 20:06:06:11 Disclosure requirements. 20:06:06:11. Disclosure requirements. Any application or other document disclosing the coverage provided for under credit life, credit health, credit property, or credit unemployment insurance shall clearly and prominently disclose the am…

Rule 20:06:07:01 Definitions. 20:06:07:01. Definitions. Terms used in this chapter mean: (1) "Contract on a variable basis" or "variable contract," a policy or contract which provides for insurance or annuity benefits which may vary according to the investment experience of any s…

Rule 20:06:07:02 Qualification of insurance companies to issue variable contracts. 20:06:07:02. Qualification of insurance companies to issue variable contracts. No company may deliver or issue for delivery variable contracts within this state unless it meets the following requir…

Rule 20:06:07:03 Separate accounts. 20:06:07:03. Separate accounts. A domestic company issuing variable contracts shall establish one or more separate accounts pursuant to SDCL 58-28 subject to the following requirements: (1) Investments shall be made as follows: (a) Amounts allo…

Rule 20:06:07:04 Filing of contracts. 20:06:07:04. Filing of contracts. The filing requirements applicable to variable contracts are those filing requirements otherwise applicable under existing statutes and regulations of this state governing individual and group life insurance …

Rule 20:06:07:05 Contracts providing for variable benefits. 20:06:07:05. Contracts providing for variable benefits. Features required are as follows: (1) Any variable contract providing benefits payable in variable amounts delivered or issued for delivery in this state shall cont…

Rule 20:06:07:06 Required reports. 20:06:07:06. Required reports. Reports required are as follows: (1) Any company issuing individual variable contracts providing benefits in variable amounts shall mail to the contract holder at least once in each second and succeeding contract y…

Rule 20:06:07:07 Foreign companies. 20:06:07:07. Foreign companies. If the law or regulation in the place of domicile of a foreign company provides a degree of protection to the policyholders and the public which is substantially equal to that provided by this chapter, the direct…

Rule 20:06:07:08 Variable contract agent license required prior to solicitation or sale. 20:06:07:08. Variable contract agent license required prior to solicitation or sale. Before a person may sell a variable contract, the person must: (1) Pass the life insurance examination and…

Rule 20:06:07:09 Repealed. 20:06:07:09. Application procedure for variable contract agents.Repealed. Source: 4 SDR 6, effective August 9, 1977; 12 SDR 117, effective January 19, 1986; 12 SDR 151, 12 SDR 155, effective July 1, 1986; repealed, 16 SDR 208, effective June 3, 1990.

Rule 20:06:07:10 Repealed. 20:06:07:10. Variable contract agent licensure requirements.Repealed. Source: 4 SDR 6, effective August 9, 1977; 12 SDR 117, effective January 19, 1986; 12 SDR 151, 12 SDR 155, effective July 1, 1986; repealed, 16 SDR 208, effective June 3, 1990.

Rule 20:06:07:11 Repealed. 20:06:07:11. Exemption from portion of examination.Repealed. Source: 4 SDR 6, effective August 9, 1977; repealed, 12 SDR 117, effective January 19, 1986.

Rule 20:06:07:12 Repealed. 20:06:07:12. Requirements to pass examination.Repealed. Source: 4 SDR 6, effective August 9, 1977; repealed, 12 SDR 117, effective January 19, 1986.

Rule 20:06:07:13 Repealed. 20:06:07:13. Fees for examinations and reexaminations.Repealed. Source: 4 SDR 6, effective August 9, 1977; repealed, 12 SDR 117, effective January 19, 1986.

Rule 20:06:07:14 Repealed. 20:06:07:14. Examination reporting form.Repealed. Source: 4 SDR 6, effective August 9, 1977; repealed, 12 SDR 117, effective January 19, 1986.

Rule 20:06:07:15 Repealed. 20:06:07:15. Rules governing life insurance agents apply to variable annuity agents.Repealed. Source: 4 SDR 6, effective August 9, 1977; repealed, 12 SDR 117, effective January 19, 1986.

Rule 20:06:07:16 Repealed. 20:06:07:16. Examination required of certain life insurance salesmen.Repealed. Source: 4 SDR 6, effective August 9, 1977; repealed, 12 SDR 117, effective January 19, 1986.

Rule 20:06:07:17 Repealed. 20:06:07:17. Reports of examinations to be made available -- Retention of records.Repealed. Source: 4 SDR 6, effective August 9, 1977; 12 SDR 117, effective January 19, 1986; 12 SDR 151, 12 SDR 155, effective July 1, 1986; repealed, 16 SDR 208, effectiv…

Rule 20:06:07:18 Licensees required to report to director. 20:06:07:18. Licensees required to report to director. A person licensed in this state to sell variable contracts shall immediately report the following to the director: (1) Any suspension or revocation of the licensee's …

Rule 20:06:07:19 Rejection of applications -- Suspension or revocation of license -- Renewals. 20:06:07:19. Rejection of applications -- Suspension or revocation of license -- Renewals. The director may reject any application or suspend, revoke, or refuse to renew any variable co…

Rule 20:06:08:01 Repealed. 20:06:08:01. Definition of replacement.Repealed. Source: 4 SDR 6, effective August 9, 1977; repealed, 8 SDR 52, effective January 1, 1982.

Rule 20:06:08:02 Repealed. 20:06:08:02. Purpose of chapter.Repealed. Source: 4 SDR 6, effective August 9, 1977; repealed, 8 SDR 52, effective January 1, 1982.

Rule 20:06:08:03 Repealed. 20:06:08:03. Exemptions.Repealed. Source: 4 SDR 6, effective August 9, 1977; repealed, 8 SDR 52, effective January 1, 1982.

Rule 20:06:08:04 Repealed. 20:06:08:04. Duty of the company.Repealed. Source: 4 SDR 6, effective August 9, 1977; repealed, 8 SDR 52, effective January 1, 1982.

Rule 20:06:08:05 Repealed. 20:06:08:05. Duty of the agent.Repealed. Source: 4 SDR 6, effective August 9, 1977; repealed, 8 SDR 52, effective January 1, 1982.

Rule 20:06:08:06 Repealed. 20:06:08:06. Forms.Repealed. Source: 4 SDR 6, effective August 9, 1977; repealed, 8 SDR 52, effective January 1, 1982.

Rule 20:06:08:07 Repealed. 20:06:08:07. Penalty.Repealed. Source: 4 SDR 6, effective August 9, 1977; repealed, 8 SDR 52, effective January 1, 1982.

Rule 20:06:08:08 Repealed. 20:06:08:08. Definitions.Repealed. Source: 8 SDR 52, effective January 1, 1982; repealed, 12 SDR 151, 12 SDR 155, effective July 1, 1986.

Rule 20:06:08:09 Repealed. 20:06:08:09. Exemptions.Repealed. Source: 8 SDR 52, effective January 1, 1982; 8 SDR 122, effective March 28, 1982; repealed, 12 SDR 151, 12 SDR 155, effective July 1, 1986.

Rule 20:06:08:10 Repealed. 20:06:08:10. Duties of agent.Repealed. Source: 8 SDR 52, effective January 1, 1982; repealed, 12 SDR 151, 12 SDR 155, effective July 1, 1986.

Rule 20:06:08:11 Repealed. 20:06:08:11. Signed statements.Repealed. Source: 8 SDR 52, effective January 1, 1982; repealed, 12 SDR 151, 12 SDR 155, effective July 1, 1986.

Rule 20:06:08:12 Repealed. 20:06:08:12. Notice of replacement of life insurance.Repealed. Source: 8 SDR 52, effective January 1, 1982; repealed, 12 SDR 151, 12 SDR 155, effective July 1, 1986.

Rule 20:06:08:13 Repealed. 20:06:08:13. Comparative information form.Repealed. Source: 8 SDR 52, effective January 1, 1982; repealed, 12 SDR 151, 12 SDR 155, effective July 1, 1986.

Rule 20:06:08:14 Repealed. 20:06:08:14. Sales proposals for replacement insurance.Repealed. Source: 8 SDR 52, effective January 1, 1982; repealed, 12 SDR 151, 12 SDR 155, effective July 1, 1986.

Rule 20:06:08:15 Repealed. 20:06:08:15. Submissions to replacing insurer.Repealed. Source: 8 SDR 52, effective January 1, 1982; repealed, 12 SDR 151, 12 SDR 155, effective July 1, 1986.

Rule 20:06:08:16 Repealed. 20:06:08:16. Sales proposals for conservation of insurance.Repealed. Source: 8 SDR 52, effective January 1, 1982; repealed, 12 SDR 151, 12 SDR 155, effective July 1, 1986.

Rule 20:06:08:17 Repealed. 20:06:08:17. Duties of replacing insurer.Repealed. Source: 8 SDR 52, effective January 1, 1982; repealed, 12 SDR 151, 12 SDR 155, effective July 1, 1986.

Rule 20:06:08:18 Repealed. 20:06:08:18. Agents to be informed of requirements.Repealed. Source: 8 SDR 52, effective January 1, 1982; repealed, 12 SDR 151, 12 SDR 155, effective July 1, 1986.

Rule 20:06:08:19 Repealed. 20:06:08:19. Replacing insurer to require signed statements.Repealed. Source: 8 SDR 52, effective January 1, 1982; repealed, 12 SDR 151, 12 SDR 155, effective July 1, 1986.

Rule 20:06:08:20 Repealed. 20:06:08:20. Replacing insurer to require forms.Repealed. Source: 8 SDR 52, effective January 1, 1982; repealed, 12 SDR 151, 12 SDR 155, effective July 1, 1986.

Rule 20:06:08:21 Repealed. 20:06:08:21. Replacing insurer to verify accuracy of information.Repealed. Source: 8 SDR 52, effective January 1, 1982; repealed, 12 SDR 151, 12 SDR 155, effective July 1, 1986.

Rule 20:06:08:22 Repealed. 20:06:08:22. Replacing insurer to provide policy summary.Repealed. Source: 8 SDR 52, effective January 1, 1982; repealed, 12 SDR 151, 12 SDR 155, effective July 1, 1986.

Rule 20:06:08:23 Repealed. 20:06:08:23. Replacing insurer to send comparative information form to existing insurer.Repealed. Source: 8 SDR 52, effective January 1, 1982; repealed, 12 SDR 151, 12 SDR 155, effective July 1, 1986.

Rule 20:06:08:24 Repealed. 20:06:08:24. Replacing insurer to delay issue of policy -- Exception.Repealed. Source: 8 SDR 52, effective January 1, 1982; repealed, 12 SDR 151, 12 SDR 155, effective July 1, 1986.

Rule 20:06:08:25 Repealed. 20:06:08:25. Delivery of policy summary when replacing insurer is existing insurer.Repealed. Source: 8 SDR 52, effective January 1, 1982; repealed, 12 SDR 151, 12 SDR 155, effective July 1, 1986.

Rule 20:06:08:26 Repealed. 20:06:08:26. Records to be maintained by replacing insurer.Repealed. Source: 8 SDR 52, effective January 1, 1982; repealed, 12 SDR 151, 12 SDR 155, effective July 1, 1986.

Rule 20:06:08:27 Repealed. 20:06:08:27. Duties of direct response insurer.Repealed. Source: 8 SDR 52, effective January 1, 1982; repealed, 12 SDR 151, 12 SDR 155, effective July 1, 1986.