# S.D. Codified Laws § 58-33A-9: Buyer's guide and policy summary to be provided to all prospective life insurance purchasers--Illustration in lieu of policy summary--Director authorized to promulgate rules

> South Dakota · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_SD_T58_C33A_S58-33A-9

## Section

- **Citation:** S.D. Codified Laws § 58-33A-9
- **Heading:** Buyer's guide and policy summary to be provided to all prospective life insurance purchasers--Illustration in lieu of policy summary--Director authorized to promulgate rules
- **Jurisdiction:** South Dakota
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** SD Code / Title 58 / Chapter 33A / Section 58-33A-9

## Text

Prior to accepting the applicant's initial premium or premium deposit, the insurer shall provide, to all prospective life insurance purchasers, a buyer's guide, and a policy summary. However, in lieu of a policy summary, an insurer may provide an illustration which complies with applicable rules concerning life insurance illustrations. Insurers may deliver the buyer's guide and policy summary or illustration at other times as specified by the director by rule. The director may also promulgate rules pursuant to chapter 1-26 specifying the type of policy summary required, the form and content of policy summaries, the specific buyer's guide to be used, and if the buyer's guide must be provided.

Source: SL 1999, ch 240, § 9.

## Nearby sections

- [S.D. Codified Laws § 58-33A-1 Applicability of chapter](https://www.frixlaw.com/law-library/statutes/STATE_SD_T58_C33A_S58-33A-1.md)
- [S.D. Codified Laws § 58-33A-2 Purpose of chapter](https://www.frixlaw.com/law-library/statutes/STATE_SD_T58_C33A_S58-33A-2.md)
- [S.D. Codified Laws § 58-33A-3 Advertisement determined](https://www.frixlaw.com/law-library/statutes/STATE_SD_T58_C33A_S58-33A-3.md)
- [S.D. Codified Laws § 58-33A-4 Certain material and communication not deemed to be advertisement](https://www.frixlaw.com/law-library/statutes/STATE_SD_T58_C33A_S58-33A-4.md)
- [S.D. Codified Laws § 58-33A-5 Outline of coverage to accompany all health insurance policies or subscriber contracts--Acknowledgment of receipt or certificate of delivery](https://www.frixlaw.com/law-library/statutes/STATE_SD_T58_C33A_S58-33A-5.md)
- [S.D. Codified Laws § 58-33A-6 Format and content of outline of coverage--"Format" defined--Outline of coverage requirements](https://www.frixlaw.com/law-library/statutes/STATE_SD_T58_C33A_S58-33A-6.md)
- [S.D. Codified Laws § 58-33A-7 Director authorized to promulgate rules--Scope of rules](https://www.frixlaw.com/law-library/statutes/STATE_SD_T58_C33A_S58-33A-7.md)
- [S.D. Codified Laws § 58-33A-8 Required disclosures to be clear and conspicuous](https://www.frixlaw.com/law-library/statutes/STATE_SD_T58_C33A_S58-33A-8.md)
- [S.D. Codified Laws § 58-33A-8.1 Disclosure of usual, customary, and reasonable limitation provision required](https://www.frixlaw.com/law-library/statutes/STATE_SD_T58_C33A_S58-33A-8.1.md)
- [S.D. Codified Laws § 58-33A-9 Buyer's guide and policy summary to be provided to all prospective life insurance purchasers--Illustration in lieu of policy summary--Director authorized to promulgate rules](https://www.frixlaw.com/law-library/statutes/STATE_SD_T58_C33A_S58-33A-9.md)
- [S.D. Codified Laws § 58-33A-10 Advertisements not to be deceptive or misleading--Standard to be used in determination](https://www.frixlaw.com/law-library/statutes/STATE_SD_T58_C33A_S58-33A-10.md)
- [S.D. Codified Laws § 58-33A-11 Insurer to maintain file of advertisements--Division may inspect files--Period for which files must be maintained](https://www.frixlaw.com/law-library/statutes/STATE_SD_T58_C33A_S58-33A-11.md)
- [S.D. Codified Laws § 58-33A-12 Director's prior approval may be required--Other remedies not precluded](https://www.frixlaw.com/law-library/statutes/STATE_SD_T58_C33A_S58-33A-12.md)
- [S.D. Codified Laws § 58-33A-13 Definitions](https://www.frixlaw.com/law-library/statutes/STATE_SD_T58_C33A_S58-33A-13.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_SD_T58_C33A_S58-33A-9. Check the current official text before relying on it. Not legal advice.