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 Repealed.
§ 58-15-15.3 Repealed.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