§ 58-33A-19.1 Documents required at time of sale.

SD Codified L § 58-33A-19.1 (2019) (N/A)
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58-33A-19.1. Documents required at time of sale. An insurance producer or, if no insurance producer is involved, the responsible insurer representative, shall at the time of sale:

(1) Make a record of any recommendation subject to § 58-33A-16;

(2) Obtain a customer signed statement documenting a customer's refusal to provide suitability information, if any; and

(3) Obtain a customer signed statement acknowledging that an annuity transaction is not recommended if a customer decides to enter into an annuity transaction that is not based on the insurance producer's or insurer's recommendation.Source: SL 2012, ch 250, § 6.