S.D. Admin. R. 48:03:03:07
Current through Register Vol. 51, page 67, December 16, 2024
If a lottery winner dies during the payment period of an annuitized prize, the commission, in its sole discretion and upon the petition of the estate of the lottery winner, may accelerate the payment of all the remaining lottery proceeds to the estate. If the commission approves the request, the securities or cash, or both, held for the deceased lottery winner which represents the present value of that portion of the future lottery payments to be accelerated shall be distributed to the estate. The commission is solely responsible for the valuation of the securities and determination of the present value of the accelerated lottery payments.
S.D. Admin. R. 48:03:03:07
General Authority: SDCL 42-7A-34.
Law Implemented: SDCL 42-7A-21(3).