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State of South Dakota
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SEVENTY-SEVENTH
SESSION
LEGISLATIVE ASSEMBLY, 2002 |
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SENATE BILL
NO.
108
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Introduced by:
Senators Sutton (Dan), Brown (Arnold), Diedtrich (Elmer), Hutmacher,
McIntyre, Reedy, and Symens and Representatives Garnos, Bartling, Pitts,
Slaughter, and Teupel
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FOR AN ACT ENTITLED, An Act to
require the acceptance of certain uniform life insurance
request forms.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
Section 1. That chapter 58-15 be amended by adding thereto a NEW SECTION to read as follows:
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
Section 1. That chapter 58-15 be amended by adding thereto a NEW SECTION to read as follows:
The director shall develop uniform life insurance forms for requests to cash surrender, to
obtain maximum policy loans, and for Section 1035 exchanges. A life insurer shall accept the
uniform life insurance forms and may not require the use of forms in addition to the uniform life
insurance forms.
350 copies of this document were printed by the South Dakota
Legislative Research Council at a cost of $.027 per page. . Insertions into existing statutes are indicated by underscores.
Deletions from existing statutes are indicated byoverstrikes.
Legislative Research Council at a cost of $.027 per page. . Insertions into existing statutes are indicated by underscores.
Deletions from existing statutes are indicated by
