{"data":{"id":"us-sd/sdcl-58-33a-15","jurisdiction":"us-sd","citation":"SDCL § 58-33A-15","heading":"Exemptions from requirements.","body":"Unless otherwise specifically included, §§ 58-33A-13 to 58-33A-27, inclusive, do not apply to any transactions involving:\n(1) A direct response solicitation if there is no recommendation based on information collected from the consumer pursuant to §§ 58-33A-13 to 58-33A-27, inclusive; or\n(2) Any contract used to fund:\n(a) An employee pension or welfare benefit plan that is covered by the Employee Retirement and Income Security Act (ERISA);\n(b) A plan described by sections 401(a), 401(k), 403(b), 408(k), or 408(p) of the Internal Revenue Code (IRC), as of January 1, 2023, if established or maintained by an employer;\n(c) A government or church plan defined in section 414 of the IRC as of January 1, 2023, a government or church welfare benefit plan, or a deferred compensation plan of a state or local government or tax exempt organization under section 457 of the IRC as of January 1, 2023; or\n(d) A nonqualified deferred compensation arrangement established or maintained by an employer or plan sponsor;\n(3) A settlement of or assumption of liabilities associated with personal injury litigation or any dispute or claim resolution process; or\n(4) A formal prepaid funeral contract.\nThe director may, by rules promulgated pursuant to chapter 1-26, adopt revisions of the Internal Revenue Code which are in substantial compliance with the intent of subsections (b) and (c) of this section.","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-15","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"c1fa8b0816edf473ff0d5bb8cbf31e3ccfe23d21b8d25e16e8ce30dc8ef441d4","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-58-33a-14","next":"us-sd/sdcl-58-33a-16"},"notice":"GroundRules: Original legal text. Not legal advice."}