Semi-annual comparison of lapsed policies, annuity contracts, and retained asset accounts against updated DMF

SDCL § 58-15-97 — under LIFE INSURANCE AND ANNUITIES.

SDCL § 58-15-97

An insurer shall compare all in-force policies, annuity contracts, and retained asset accounts and policies that lapse in its records against any updates to the DMF on at least a semi-annual basis to identify potential matches of its insureds. Source: SL 2018, ch 280 , § 4.