{"data":{"id":"us-sd/sdcl-58-33a-14","jurisdiction":"us-sd","citation":"SDCL § 58-33A-14","heading":"Recommendations to purchase or exchange annuities subject to requirements.","body":"Sections 58-33A-13 to 58-33A-27, inclusive, apply to any recommendation or sale of an annuity. The purpose of §§ 58-33A-13 to 58-33A-27, inclusive, is to require producers, as defined in § 58-33A-13, to act in the best interest of the consumer when making a recommendation of an annuity and to require insurers to establish and maintain a system to supervise recommendations so that the insurance needs and financial objectives of consumers at the time of the transaction are effectively addressed. Nothing in §§ 58-33A-13 to 58-33A-27, inclusive, creates or implies a private cause of action for a violation of §§ 58-33A-13 to 58-33A-27, inclusive, or subjects a producer to civil liability under the best interest standard of care outlined in § 58-33A-16 or under standards governing the conduct of a fiduciary or a fiduciary relationship.","path":["TITLE 58. INSURANCE","CHAPTER 58-33A. STANDARDS FOR ADVERTISEMENT, SOLICITATION, AND SALE OF LIFE AND HEALTH INSURANCE"],"source_url":"https://sdlegislature.gov/Statutes/58-33A-14","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"dcdaebbdd5fc5447344cf286b98f611d80618e608987d57875baf92b40db2733","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-58-33a-13","next":"us-sd/sdcl-58-33a-15"},"notice":"GroundRules: Original legal text. Not legal advice."}