Statutes, codes, and regulations
South Dakota Administrative Rules
Title 20 - PUBLIC SAFETYArticle 20:06 - INSURANCE
Chapter 20:06:10 - Advertisements and solicitations of health and life insurance
Section 20:06:10:17 - Statements about an insurer

S.D. Admin. R. 20:06:10:17

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Current through Register Vol. 51, page 67, December 16, 2024
Section 20:06:10:17 - Statements about an insurer

An advertisement or solicitation may not contain statements which are untrue in fact, or by implication misleading, with respect to the assets, corporate structure, financial standing, age, or relative position of the insurer in the insurance business. An advertisement or solicitation may not contain a recommendation by a commercial rating system unless it clearly indicates the purpose of the recommendation and the limitations of the scope and extent of the recommendation.

S.D. Admin. R. 20:06:10:17

4 SDR 6, effective 8/9/1977; 12 SDR 151, 12 SDR 155, effective 7/1/1986; 27 SDR 54, effective 12/4/2000; 38 SDR 116, effective 1/10/2012.

General Authority: SDCL 58-33A-7.

Law Implemented: SDCL 58-33-7, 58-33-8, 58-33-10, 58-33A-8, 58-33A-10.