58-28-31. Regulation of variable contracts by director--Rules--Review of contracts--Disclosure document.
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/sd/title-58/chapter-58-28/58-28-31·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The director has sole authority to regulate the issuance and sale of variable contracts and promulgate rules to carry out the purposes and provisions of this chapter. The Division of Insurance may, upon request by the director, review the underlying investments in securities of variable contracts. The Division of Insurance may require filing a disclosure document with the Division of Insurance pursuant to chapter 47-31B .