S.D. Admin. R. 67:46:05:53

Current through Register Vol. 51, page 57, November 12, 2024

Section 67:46:05:53 - Annuities - Department becomes remainder beneficiary

Pursuant to 42 U.S.C. § 1396 p(e), as amended to August 1, 2006, the department becomes a preferred remainder beneficiary of any interest the individual or the individual's spouse has in an annuity or similar financial instrument purchased and owned after February 7, 2006.

S.D. Admin. R. 67:46:05:53

33 SDR 44, effective 8/31/2006.

General Authority: SDCL 28-6-1.

Law Implemented: SDCL 28-6-1.