Contact Us
Make My Homepage

South Dakota Consumer Protection Improved


Gov. Dennis Daugaard today(March 12th) signed House Bill 1054, A law establishing  consumer protection standards regarding certain insurance claim practices and provides penalties.

The legislation is part of a four-bill package, proposed by the Governor, to strengthen insurance consumer protection laws.

The earlier bills, which have already been signed into law, were:

·         House Bill 1050, “An Act to revise certain enforcement actions by the insurance director.”

·         House Bill 1052, “An Act to authorize additional disclosure regarding certain insurance investigations and examinations.”

·         Senate Bill 52, “An Act to authorize the informal settlement of insurance examinations.”

These bills define unfair claims practices and provide the Division of Insurance expanded authority to mitigate the effect of these practices on consumers.

For the first time, the Division will have the authority to impose a fine on insurance companies who violated unfair claims standards. Previously, fines could only be imposed with the consent of the insurance company. Another change allows the Division to share more information with the public about the status of unfair claims investigations.

“I appreciate the support from legislators and industry partners in passing this important reform legislation,” said Gov. Daugaard.  “These steps will allow consumers to have confidence in the value of their insurance plans.”

Best of KSOO

Recommended for You

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for KSOO VIP Club quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive KSOO VIP Club contests, events, coupons, presales, and much more delivered to you for FREE.