SDCL § 58-15-93: Election to apply provisions of §§ 58-15-83 to 58-15-93 to annuity contracts--Application of provisions after second anniversary.

After July 1, 2004, a company may elect to apply its provisions to annuity contracts on a contract form-by-contract form basis before the second anniversary of the effective date of §§ 58-15-83 to 58-15-93, inclusive. In all other instances, §§ 58-15-83 to 58-15-93, inclusive, shall become operative with respect to annuity contracts issued by the company after the second anniversary of the effective date of §§ 58-15-83 to 58-15-93, inclusive.