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South Dakota Codified Laws
Insurance
Life Insurance And Annuities
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Section
58-15-1
Application of chapter.
Section
58-15-2
"Industrial life insurance" defined.
Section
58-15-3
Investment of trust funds in life insurance and annuities.
Section
58-15-4
Standard provisions required in policy of life insurance, exceptions.
Section
58-15-5
Standard provisions inapplicable to annuity contract or health or accident benefits.
Section
58-15-6
Standard provisions inapplicable to single premium or term policies.
Section
58-15-7
Description of policy in title.
Section
58-15-8
Entire contract contained in policy and application--Statement of applicant not deemed a warranty.
Section
58-15-8.1
Notice of right of cancellation after receipt of policy--"Free look" provision.
Section
58-15-8.2
Issuance of policies by insurance company or fraternal benefit society--Delivery receipts--Certificates of mailing--Term of retention.
Section
58-15-9
Effect of misstatement in policy regarding age.
Section
58-15-10
Incontestability provision required--Exceptions.
Section
58-15-11
Exclusions and restrictions unaffected by incontestability clause.
Section
58-15-12
Payment of premiums provision.
Section
58-15-13
Grace period in policy.
Section
58-15-14
Automatic premium loan--Provision optional with insurer.
Section
58-15-15
Insurance policy loan--Security--Maximum amount--Private placement policies.
Section
58-15-15.1
58-15-15.1, 58-15-15.2.Repealed by SL 1982, ch 358, §§11, 12
Section
58-15-15.3
58-15-15.3.Repealed by SL 1983, ch 13, §14
Section
58-15-15.4
Insurance policy loan--Definition of terms.
Section
58-15-15.5
"Published monthly average" defined.
Section
58-15-15.6
Insurance policy loan--Permitted interest rates.
Section
58-15-15.7
Insurance policy loan--Allowable rate under adjustable maximum interest rate.
Section
58-15-15.8
Insurance policy loan--Determination of interest under adjustable maximum interest rate.
Section
58-15-15.9
Insurance policy loan--Notice of interest rate to policyholder.
Section
58-15-15.10
Insurance policy loan--Loan value of policy.
Section
58-15-15.11
Insurance policy loan--Provisions of statutes required in policies.
Section
58-15-15.12
Insurance policy loan--Application of statutes on interest rates to prior contracts.
Section
58-15-15.13
Private placement policy defined.
Section
58-15-15.14
Premium defined.
Section
58-15-16
Loans on policies issued prior to the adoption of standard policy provisions--Loan value--Deferment of application--Private placement policies.
Section
58-15-17
Loans on policies under standard policy provisions--Loan value--Deferment of application--Private placement policies.
Section
58-15-18
Loan value of policy--Indebtedness deducted.
Section
58-15-19
Delinquent interest on policy loan exceeding amount of loan value--Termination of policy, notice.
Section
58-15-20
Policy loan provisions inapplicable to term insurance or industrial life insurance policies.
Section
58-15-21
Nonforfeiture of benefits--Cash surrender value--Provisions required in policies.
Section
58-15-22
Reinstatement provisions required in policy.
Section
58-15-23
Participating policies--Annual dividends, ascertainment, and apportionment.
Section
58-15-24
Participating policies--Rights of policyholder to dividends.
Section
58-15-25
Participating industrial life insurance policies--Annual participation of policy in divisible surplus.
Section
58-15-26
Payment of claims for benefits--Private placement policies.
Section
58-15-26.1
Insurers to pay interest on life insurance proceeds.
Section
58-15-26.2
Computation of interest.
Section
58-15-26.3
Interest not required where beneficiary elects to receive other than lump sum payment.
Section
58-15-26.4
Notice to beneficiary of interest.
Section
58-15-26.5
Application limited.
Section
58-15-27
Beneficiary to be designated in industrial life policy--Change of beneficiary--Endorsement on policy.
Section
58-15-28
Industrial life policy--Payment of benefits.
Section
58-15-29
Installment payments--Table of guaranteed installments required.
Section
58-15-30
Nonforfeiture benefits in policies issued prior to the adoption of standard nonforfeiture law.
Section
58-15-31
Nonforfeiture benefits in policies issued under standard nonforfeiture law.
Section
58-15-32
Nonforfeiture benefit provisions which may be omitted--Deferred payment of cash surrender value--Private placement policies.
Section
58-15-33
Cash surrender value--Amount available under policy on default of premium--Paid-up policy.
Section
58-15-34
Paid-up nonforfeiture benefits--Default in payment of premium.
Section
58-15-35
Adjustment of premiums under nonforfeiture provisions.
Section
58-15-36
Amount of insurance varying with duration of policy--Adjustment of premiums.
Section
58-15-37
Adjusted premiums--Term insurance benefits provided by rider or supplemental policy.
Section
58-15-38
Adjusted premiums and present values--Computation.
Section
58-15-39
Default in payment of premium--Computation of cash surrender value and paid-up nonforfeiture benefit.
Section
58-15-40
Additional accident benefits--Premiums disregarded in ascertaining cash surrender value.
Section
58-15-41
Nonforfeiture benefit provision inapplicable to reinsurance, group insurance, annuity contracts, or term insurance.
Section
58-15-42
Notice by company of election to comply with nonforfeiture benefit provisions--Filing with director.
Section
58-15-43
Citation of standard nonforfeiture law for life insurance.
Section
58-15-43.1
Adjusted premiums--Calculation on annual basis.
Section
58-15-43.2
"Nonforfeiture net level premium" defined.
Section
58-15-43.3
Initial calculation of changes in benefits or premiums--Recalculation after change.
Section
58-15-43.4
Recalculated future adjusted premiums.
Section
58-15-43.5
Additional expense allowance.
Section
58-15-43.6
Recalculated nonforfeiture net level premium.
Section
58-15-43.7
Substandard policy--Calculation of adjusted premiums and present value.
Section
58-15-43.8
Adjusted premiums and present values--Calculation--Applicable procedures and tables.
Section
58-15-43.9
Nonforfeiture interest rate.
Section
58-15-43.10
Refiling of nonforfeiture values or methods of computation.
Section
58-15-43.11
Notice of election to comply with revised nonforfeiture.
Section
58-15-43.12
Insurance plans to conform to minimum standards of nonforfeiture laws.
Section
58-15-43.13
Default in payment of premium--Amount of cash surrender value--Amount of nonforfeiture factor--Policies issued after January 1, 1986.
Section
58-15-44
Dating back of application for insurance to reduce premium prohibited--Contract not invalidated.
Section
58-15-45
Excluding or restricting coverage in case of death--Permissible exclusions.
Section
58-15-46
Excluding or restricting coverage in case of death--Return of premiums, adjustment for indebtedness and dividend credits.
Section
58-15-47
Prohibited policy provisions--Person soliciting insurance or annuity insurance producer of insured.
Section
58-15-48
Prohibited policy provisions--Construction of contract according to laws of other state or country.
Section
58-15-49
Prohibited policy provisions--Rights and obligations of insured under contract governed by law of other state.
Section
58-15-50
Prohibited policy provisions--Depriving courts of jurisdiction of action against insurer.
Section
58-15-51
Limitation of action on policy--Minimum time.
Section
58-15-52
Prohibited policy provisions inapplicable to group life insurance, health insurance, reinsurance, annuities, and accident benefits under life insurance policy.
Section
58-15-53
Use of prohibited policy provision which is more favorable to insured.
Section
58-15-54
Prohibited policy provisions in industrial life insurance--Denial of liability because of other insurance.
Section
58-15-55
Prohibited policy provisions in industrial life insurance--Right to declare policy void because of disease or ailment of insured.
Section
58-15-56
Prohibited policy provisions in industrial life insurance--Right to declare policy void because insured rejected for insurance.
Section
58-15-57
Annuity and endowment contracts--Standard provisions required, exceptions.
Section
58-15-58
Standard provisions of annuity and endowment contracts inapplicable to deferred annuities under life insurance policies.
Section
58-15-59
Annuities and endowments--Entire agreement contained in contract and application.
Section
58-15-59.1
Right of annuitant or purchaser to cancel after receipt of contract--Effect of cancellation.
Section
58-15-59.2
Issuance of policies by insurance company or fraternal benefit society--Delivery receipts--Certificates of mailing--Term of retention.
Section
58-15-60
Effect of misstatement of age or sex in annuity or endowment contract.
Section
58-15-61
Incontestability provision in annuity or endowment contract.
Section
58-15-62
Grace period in annuity or endowment contract.
Section
58-15-63
Participating annuity or endowment contract--Ascertainment and apportionment of divisible surplus.
Section
58-15-64
Reinstatement provision required in annuity or endowment contract.
Section
58-15-65
Reversionary annuity contract--Standard provisions.
Section
58-15-66
Reinstatement provision required in reversionary annuity contract.
Section
58-15-67
Reversionary annuity contract provisions inapplicable to group annuities or to annuities included in life insurance policies.
Section
58-15-68
Incontestability provisions after reinstatement of life insurance policy or annuity contract.
Section
58-15-69
Reinstated life insurance policy or annuity contract--Limitation of liability.
Section
58-15-70
Policy settlements by life insurer.
Section
58-15-71
Life insurance policy--Restrictions on issuing and delivering.
Section
58-15-72
58-15-72 to 58-15-81.Repealed by SL 2004, ch 299, §1
Section
58-15-82
Uniform life insurance and annuity request forms--Director to adopt by rule--Insurers to accept.
Section
58-15-83
Plans excluded from application of §§ 58-15-83 to 58-15-93, inclusive.
Section
58-15-84
Provisions required in annuity contracts.
Section
58-15-85
Minimum values based on minimum nonforfeiture amounts--Minimum nonforfeiture amounts defined.
Section
58-15-86
Present value of paid-up annuity benefit--Computation.
Section
58-15-87
Cash surrender benefits--Calculation of minimum--Death benefit.
Section
58-15-88
Contracts without cash surrender benefits--Contracts not providing death benefits prior to commencement of payments--Present value calculations.
Section
58-15-89
Election to have payments commence at optional maturity date--Maturity date used for calculation of benefits.
Section
58-15-90
Contracts without cash surrender benefits or death benefits at least equal to minimum nonforfeiture amount--Statement in contract.
Section
58-15-91
Lapse of time and payments beyond cessation year allowed for calculations.
Section
58-15-92
Annuity and life insurance benefits in excess of greater of cash surrender benefits or return of gross considerations with interest--Minimum nonforfeiture benefits--Additional benefits.
Section
58-15-93
Election to apply provisions of §§ 58-15-83 to 58-15-93 to annuity contracts--Application of provisions after second anniversary.
Section
58-15-94
Applicability of §§ 58-15-94 to 58-15-108.
Section
58-15-95
Definition of terms regarding identification and location of beneficiaries.
Section
58-15-96
Comparison of policies, annuity contracts, and retained asset accounts against DMF.
Section
58-15-97
Semi-annual comparison of lapsed policies, annuity contracts, and retained asset accounts against updated DMF.
Section
58-15-98
Procedures for DMF comparisons--Validation of match.
Section
58-15-99
Exemption of insurer for financial hardship.
Section
58-15-100
Requirements upon receipt of information establishing knowledge of death.
Section
58-15-101
Beneficiary search.
Section
58-15-102
Disclosure of information to assist in search.
Section
58-15-103
Search fees and costs not chargeable to beneficiary.
Section
58-15-104
Provision of claim forms or instructions to beneficiaries.
Section
58-15-105
Request for information about beneficiaries.
Section
58-15-106
Compliance documentation.
Section
58-15-107
Promulgation of rules regarding identification and location of beneficiaries.
Section
58-15-108
Compliance with unclaimed property act.