Credit Life, Health, Unemployment And Group Property Insurance

  1. Law
  2. South Dakota Codified Laws
  3. Insurance
  4. Credit Life, Health, Unemployment And Group Property Insurance

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Section
58-19-1

Purpose of chapter.

Section
58-19-2

Definition of terms.

Section
58-19-3

Life and health insurance connected with credit transactions subject to chapter--Exceptions.

Section
58-19-4

Forms of credit life insurance and credit health insurance.

Section
58-19-5

Existing insurance--Choice of insurer.

Section
58-19-5.1

Credit insurance not to be required for lease.

Section
58-19-6

Maximum amount of credit life insurance.

Section
58-19-7

Agricultural credit transaction commitments--Amount of insurance.

Section
58-19-8

Indemnity payable by credit health insurance--Maximum amount.

Section
58-19-9

Term of insurance--Commencement.

Section
58-19-10

Commencement of insurance when evidence of insurability required.

Section
58-19-11

Duration of term of insurance--Extension--Renewal or refinancing.

Section
58-19-12

Revision of premium schedule--Filing.

Section
58-19-13

Premium rate not to exceed scheduled rate--Misdemeanor.

Section
58-19-14

Amount charged debtor not to exceed premium charged by insurer--Misdemeanor.

Section
58-19-15

Termination of insurance prior to maturity date--Refund of amount paid by debtor.

Section
58-19-16

Creditor requiring debtor to pay for insurance--Notice to debtor--Credit to account.

Section
58-19-17

Issuance of policies.

Section
58-19-18

Individual policy or group certificate delivered to debtor.

Section
58-19-19

Contents of individual policy or group certificate.

Section
58-19-20

Time of delivery of individual policy or group certificate.

Section
58-19-21

Application or notice delivered to debtor in lieu of policy or certificate.

Section
58-19-22

Delivery to debtor of policy or certificate after acceptance of insurance.

Section
58-19-23

Policy received by debtor on nonacceptance of risk by named insurer--Description of substitute insurance.

Section
58-19-24

Forms--Filing with director.

Section
58-19-25

Prior policies--Group certificate and notice of proposed insurance, filing and approval by director--Schedules of premium rates.

Section
58-19-26

Disapproval of filed forms by director.

Section
58-19-27

Use of disapproved forms unlawful--Reason stated in notice--Hearing on request--Use of forms pending approval.

Section
58-19-28

Withdrawal of approval of form--Notice and hearing.

Section
58-19-29

Use of forms unlawful after withdrawal.

Section
58-19-30

Judicial review of order or final determination of director as to forms.

Section
58-19-31

Claims--Reporting to insurer--Settlement.

Section
58-19-32

Settlement or adjustment of claims by person other than insurer prohibited--Creditor not claim representative--Payment by group policyholder.

Section
58-19-33

Manner of payment of claims.

Section
58-19-34

Promulgation of rules by director--Purpose and scope.

Section
58-19-35

Order for compliance issued by director--Notice and hearing.

Section
58-19-36

Revocation or suspension of license or certificate for violation--Notice and hearing--Judicial review.

Section
58-19-37

Civil forfeiture for violations of orders of director.

Section
58-19-38

Citation of chapter.

Section
58-19-39

Credit unemployment insurance sold in connection with loans subject to chapter.

Section
58-19-40

Credit unemployment insurance not required by lender in consumer transactions.

Section
58-19-41

Coverage of credit unemployment insurance to begin first day of unemployment.

Section
58-19-42

Credit unemployment insurance separately sold and priced--Exception--Not to be required for credit card issuance or renewal.

Section
58-19-43

Filing of credit unemployment insurance policies, certificates, notices, applications, endorsements, and riders, and premium rate schedules.

Section
58-19-44

Disapproval by director if premium rates excessive or provisions unjust.

Section
58-19-45

Test of reasonableness of benefits to premium charged--Prima facie evidence--Restriction on commissions.

Section
58-19-46

Review of insurance company's actuarial data--Reimbursement of cost.

Section
58-19-47

Group property insurance authorized by credit card subject to chapter.

Section
58-19-48

Group property insurance to be sold and priced separately--Exceptions--Insurance not to be condition for issuance or renewal of credit card.

Section
58-19-49

All group property insurance policies, certificates, and documentation to be filed with the director.

Section
58-19-50

Disapproval of group property insurance by director--Grounds--Time limit.