§ 58-15-26.3 Interest not required where beneficiary elects to receive other than lump sum payment.

SD Codified L § 58-15-26.3 (2019) (N/A)
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58-15-26.3. Interest not required where beneficiary elects to receive other than lump sum payment. The provisions of § 58-15-26.1 do not require the payment of interest in any case in which the beneficiary elects in writing delivered to the insurer to receive the proceeds of or payments under a life insurance policy by any means other than a lump sum payment.

Source: SL 1987, ch 375, § 3.