{"data":{"id":"us-sd/sdcl-58-33a-16.2","jurisdiction":"us-sd","citation":"SDCL § 58-33A-16.2","heading":"Recommendation--Producer responsibilities--Applicability and intent.","body":"The requirements of § 58-33A-16.1:\n(1) Apply to the particular annuity as a whole, the underlying subaccounts to which funds are allocated at the time of purchase or exchange of an annuity, and riders and similar product enhancements;\n(2) Create a regulatory obligation but do not create a fiduciary obligation or relationship;\n(3) Do not mean the annuity with the lowest one-time or multiple occurrence compensation structure shall necessarily be recommended; and\n(4) Do not mean the producer has ongoing monitoring obligations, although such an obligation may be separately owed under the terms of a fiduciary, consulting, investment advising, or financial planning agreement between the consumer and the producer.","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-16.2","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"cf19199be33402a47f8aa3649936aa049492cf91c6016c6e523254600cb23504","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-58-33a-16.1","next":"us-sd/sdcl-58-33a-16.3"},"notice":"GroundRules: Original legal text. Not legal advice."}