ENTITLED An Act to permit an alternative delivery method for issuance of a policy by an insurer.
Be it enacted by the Legislature of the State of South Dakota:
Section 1. That a NEW SECTION be added to chapter 58-1:
An insurer may comply with the policy delivery requirements of 58-15-8.2, 58-15-59.2, 58-17-11.1, 58-17A-8.1, and 58-28-24.2 by one of the following alternative delivery methods:
(1) Via first-class mail using an intelligent mail barcode or another similar tracking method used or approved by the United States Postal Service; or
(2) Via commercial delivery service using a tracking method approved by the division.
An insurer utilizing an alternative delivery method must retain a record evidencing delivery of the policy for five years.
An Act to permit an alternative delivery method for issuance of a policy by an insurer.
I certify that the attached Act originated in the:
Chief Clerk
Speaker of the House
Attest:
Chief Clerk
President of the Senate
Attest:
Secretary of the Senate
File No. ____ Chapter No. ______
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Received at this Executive Office this _____ day of _____________,
2024 at ____________M.
By for the Governor
The attached Act is hereby approved this ________ day of ______________, A.D., 2024
ss. Office of the Secretary of State
Filed ____________, 2024 at _________ o'clock __M.
Secretary of State
By Asst. Secretary of State
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