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State of South Dakota
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EIGHTY-EIGHTH SESSION
LEGISLATIVE ASSEMBLY, 2013
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400U0303
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HOUSE BILL NO. 1054
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Introduced by: The Committee on Commerce and Energy at the request of the Department
of Labor and Regulation
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FOR AN ACT ENTITLED, An Act to repeal certain rule-making authority for the director of
insurance.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
Section 1. That § 58-4-1 be repealed.
58-4-1. The director of the Division of Insurance may promulgate rules pursuant to chapter
1-26 to administer the provisions of this title. No rule may extend, modify, or conflict with any
provision of this title or the reasonable implications thereof.
The director may not pass a rule pertaining to the replacement of existing life insurance.
However, a rule may be adopted requiring the insurer or its insurance producer replacing a life
insurance policy to provide written notification of the replacement to the insurer of the existing
policy within ten days prior to the delivery date of the new policy coverage.
170 copies were printed on recycled paper by the South Dakota
Legislative Research Council at a cost of $.093 per page.
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Insertions into existing statutes are indicated by underscores.
Deletions from existing statutes are indicated by overstrikes.
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