S.D. Admin. R. 20:06:38:04

Current through Register Vol. 51, page 67, December 16, 2024

Section 20:06:38:04 - Information required in illustration

(1) The name of the insurer;

(2) The name and business address of the agent or the insurers authorized representative, if any;

(3) The name, age, and sex of the proposed insured, unless a composite illustration is permitted under this chapter;

(4) The underwriting or rating classification on which the illustration is based;

(5) The generic name of the policy, the company product name, if different, and the form number;

(6) The initial death benefit; and

(7) The dividend option election or application of nonguaranteed elements, if applicable.

S.D. Admin. R. 20:06:38:04

23 SDR 228, effective 7/1/1997.

General Authority: SDCL 58-33-5.1.

Law Implemented: SDCL 58-33-5.1.