South Dakota Codified Laws 58-15-96. Comparison of policies, annuity contracts, and retained asset accounts against DMF
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As of January 1, 2019, an insurer shall have compared all in-force policies, annuity contracts, and retained asset accounts at the time of enactment against the full DMF to identify potential matches of its insureds.
Terms Used In South Dakota Codified Laws 58-15-96
- Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
Source: SL 2018, ch 280, § 3.