Marcia Hultman

Cabinet Secretary

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Division of Insurance - Public Hearing Announcements


Notices of Public Hearings to Adopt Rules


Public Hearing Notice Summary
Adopt rules related to annuity standards passed in Senate Bill 148 (2022 Legislative Session) Hearing Date & Time

October 11, 2022

1:30 P.M. CDT

 Hearing Location

Oahe Conference Room

124 South Euclid Avenue, 1st Floor
Pierre, SD 57501

 

 Proposed Rules
(Posting Date)
in Adobe PDF format

Adopted Rules:

Rules Text 10/25/2022

Updated Rules (LRC Style & Form only):
Rules Text 10/13/2022

Original Version:
Rules Text


Notice of Public Hearing to Adopt Rules

A public hearing will be held in Oahe Conference Room, 124 South Euclid Avenue, 1st Floor, Pierre, SD 57501 on October 11, 2022 at 1:30 P.M. (CDT) to consider the adoption and amendment of proposed rules to the following:

§§ 20:06:08:65, 20:06:08:66, and 20:06:08:67

The effect of these rules adopt a definition of "authorized," identify certain circumstances that are not a conflict of interest under the annuity standards passed in Senate Bill 148, and amend the effective date of the proposed adopted rules to coincide with the effective date of Senate Bill 148. The reason for amending and adopting these rules are to clarify the definition of "authorized" and delineate circumstances that are not considered a conflict of interest under these new standards.

Persons interested in presenting amendments, data, opinions, and arguments for or against the proposed rules may appear in-person at the hearing, or mail or e-mail the materials to the South Dakota Division of Insurance, 124 South Euclid Avenue, 2nd Floor, Pierre, South Dakota 57501 or to lisa.harmon@state.sd.us or insurance@state.sd.us (Subject Line: Proposed Administrative Rules). The deadline to submit any such written comments for consideration by Division is October 21, 2022, and materials sent by mail must reach the Division by the comment deadline to be considered.

After the public hearing and written comment period, the Division of Insurance will consider all written and oral comments it receives on the proposed rules.  The Division may modify or amend a proposed rule at that time to include or exclude matters that are described in this notice.

For Persons with Disabilities: This hearing will be located at a physically accessible place. Please contact the Division of Insurance at least 48 hours before the public hearing if you have special needs for which special arrangements can be made by calling (605) 773-3563.

Copies of the proposed rule may be obtained without charge from:

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