<html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-33-67 - Unfair or deceptive practices in dealing with insured. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2076703Normal { text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2076703SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2076703CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2076703Normal-000000 { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2076703DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2076703Normal-000001 { margin-left: 0.70in; text-indent: -0.45in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } span.s2076703000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2076703SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2076703SCL-000003 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } body { text-decoration-skip-ink: none; } </style></head><body><div><p dir="ltr" class="s2076703Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-33-67"><span class="s2076703SENU">58-33-67</span></a><span xml:space="preserve" class="s2076703SENU">. </span><span class="s2076703CL">Unfair or deceptive practices in dealing with insured.</span></p><p dir="ltr" class="s2076703Normal-000000"><span class="s2076703DefaultParagraphFont">In dealing with the insured or representative of the insured, unfair or deceptive acts or practices in the business of insurance include, but are not limited to, the following:</span></p><p dir="ltr" class="s2076703Normal-000001"><span class="s2076703DefaultParagraphFont">(1)    Failing to acknowledge and act within thirty days upon communications with respect to claims arising under insurance policies and to adopt and adhere to reasonable standards for the prompt investigation of such claims;</span></p><p dir="ltr" class="s2076703Normal-000001"><span class="s2076703DefaultParagraphFont">(2)    Making claims payments to any claimant, insured, or beneficiary not accompanied by a statement setting forth the coverage under which the payments are being made;</span></p><p dir="ltr" class="s2076703Normal-000001"><span class="s2076703DefaultParagraphFont">(3)    Failing to promptly provide a reasonable explanation of the basis in the insurance policy in relation to the facts or applicable law for denial of a claim or for the offer of a compromise settlement;</span></p><p dir="ltr" class="s2076703Normal-000001"><span class="s2076703DefaultParagraphFont">(4)    Failing to promptly settle claims, where liability has become reasonably clear under one portion of the insurance policy coverage to influence settlements under other portions of the insurance policy coverage;</span></p><p dir="ltr" class="s2076703Normal-000001"><span class="s2076703DefaultParagraphFont">(5)    Requiring as a condition of payment of a claim that repairs to any damaged vehicle shall be made by a particular contractor or repair shop;</span></p><p dir="ltr" class="s2076703Normal-000001"><span class="s2076703DefaultParagraphFont">(6)    Failing to make a good faith assignment of the degree of contributory negligence in ascertaining the issue of liability;</span></p><p dir="ltr" class="s2076703Normal-000001"><span class="s2076703DefaultParagraphFont">(7)    Unless permitted by law and the insurance policy, refusing to settle a claim of an insured or claimant on the basis that the responsibility should be assumed by others.</span></p><p dir="ltr" class="s2076703Normal"><span xml:space="preserve" class="s2076703000002"> </span></p><p dir="ltr" class="s2076703Normal"><span class="s2076703SCL">Source:</span><span xml:space="preserve" class="s2076703SCL-000003"> SL 1986, ch 422, § 2; SL 1989, ch 439, § 3.</span></p></div></body></html>