20:06:21:53. Appropriateness of recommended purchase or replacement. In recommending the purchase or replacement of a long-term care insurance policy or certificate, an agent must make a reasonable effort to determine the appropriateness of a recommended purchase or replacement. The provisions of §§ 20:06:13:43.01 and 20:06:13:43.02 apply to this chapter.
Source: 23 SDR 55, effective October 20, 1996.
General Authority: SDCL 58-17B-4.
Law Implemented: SDCL 58-17B-4, 58-17B-5.1.
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