This bill expands South Dakota's insurance protection fund to cover annuity policies and contracts in addition to existing life and health insurance coverage. The changes clarify that the state's insurance insolvency association—which protects policyholders when insurance companies fail—now explicitly safeguards people with annuities, and extends this protection to certain nonresident policyholders under specified conditions.
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Signed by the Governor H.J. 277
Delivered to the Governor H.J. 236
Signed by the President S.J. 169
Signed by the Speaker H.J. 221
Senate Do Pass Passed, YEAS 32, NAYS 0. S.J. 148
Commerce and Energy Do Pass Passed, YEAS 6, NAYS 1.
Commerce and Energy Scheduled for hearing
First read in Senate and referred to Senate Commerce and Energy S.J. 76
House of Representatives Do Pass Passed, YEAS 66, NAYS 0. H.J. 52
Commerce and Energy Do Pass Passed, YEAS 13, NAYS 0.
Commerce and Energy Scheduled for hearing
House of Representatives Referred to House Commerce and Energy H.J. 19
First Reading House H.J. 11
Do Pass
Commerce and Energy — Do Pass
Do Pass
Commerce and Energy — Do Pass