South Dakota § 58-33A-16.3 - Considerations for annuity replacement or exchange.
Full text of South Dakota South Dakota Codified Laws § 58-33A-16.3 — Considerations for annuity replacement or exchange., with citation guidance and answers to common questions.
§ 58-33A-16.3. Considerations for annuity replacement or exchange.
In the case of an exchange or replacement of an annuity, the producer shall consider the whole transaction, which include taking into consideration whether:
(1) The consumer will incur a surrender charge, be subject to the commencement of a new surrender period, lose existing benefits, such as death, living, or other contractual benefits, or be subject to increased fees, investment advisory fees, or charges for riders and similar product enhancements;
(2) The replacing product would substantially benefit the consumer in comparison to the replaced product over the life of the product; and
(3) The consumer has had another annuity exchange or replacement and, in particular, an exchange or replacement within the preceding sixty months.
Source: SL 2022, ch 186, § 9, eff. Jan. 1, 2023.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 58-33A-16.3
What does South Dakota Codified Laws § 58-33A-16.3 cover?
Section 58-33A-16.3 ("Considerations for annuity replacement or exchange.") 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-16.3?
A common citation format is "South Dakota Codified Laws § 58-33A-16.3" (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-16.3 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.