South Dakota § 58-33A-16.2 - Recommendation--Producer responsibilities--Applicability and intent.
Full text of South Dakota South Dakota Codified Laws § 58-33A-16.2 — Recommendation--Producer responsibilities--Applicability and intent., with citation guidance and answers to common questions.
§ 58-33A-16.2. Recommendation--Producer responsibilities--Applicability and intent.
The requirements of § 58-33A-16.1:
(1) Apply to the particular annuity as a whole, the underlying subaccounts to which funds are allocated at the time of purchase or exchange of an annuity, and riders and similar product enhancements;
(2) Create a regulatory obligation but do not create a fiduciary obligation or relationship;
(3) Do not mean the annuity with the lowest one-time or multiple occurrence compensation structure shall necessarily be recommended; and
(4) Do not mean the producer has ongoing monitoring obligations, although such an obligation may be separately owed under the terms of a fiduciary, consulting, investment advising, or financial planning agreement between the consumer and the producer.
Source: SL 2022, ch 186, § 8, eff. Jan. 1, 2023.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 58-33A-16.2
What does South Dakota Codified Laws § 58-33A-16.2 cover?
Section 58-33A-16.2 ("Recommendation--Producer responsibilities--Applicability and intent.") is part of the South Dakota Codified Laws, the codified statutory law of South Dakota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Dakota § 58-33A-16.2?
A common citation format is "South Dakota Codified Laws § 58-33A-16.2" (South Dakota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Dakota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Dakota official source linked on this page or consult a licensed South Dakota attorney.
How does South Dakota § 58-33A-16.2 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Dakota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Dakota.