South Dakota 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 accidentbenefits.
- 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 applicantnot 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 in policy.
- 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 placementpolicies.
- 58-15-15.1 — Repealed.
- 58-15-15.3 — Repealed.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 interestrate.
- 58-15-15.8 — Insurance policy loan--Determination of interest under adjustablemaximum 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 priorcontracts.
- 58-15-15.13 — Private placement policy defined.
- 58-15-16 — Loans on policies issued prior to the adoption of standard policyprovisions--Loan value--Deferment of application--Private placementpolicies.
- 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 lifeinsurance policies.
- 58-15-21 — Nonforfeiture of benefits--Cash surrender value--Provisions required inpolicies.
- 58-15-22 — Reinstatement provisions required in policy.
- 58-15-23 — Participating policies--Annual dividends, ascertainment, andapportionment.
- 58-15-24 — Participating policies--Rights of policyholder to dividends.
- 58-15-25 — Participating industrial life insurance policies--Annual participation ofpolicy 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 lumpsum 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 ofbeneficiary--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 standardnonforfeiture law.
- 58-15-31 — Nonforfeiture benefits in policies issued under standard nonforfeiture law.
- 58-15-32 — Nonforfeiture benefit provisions which may be omitted--Deferred paymentof cash surrender value--Private placement policies.
- 58-15-33 — Cash surrender value--Amount available under policy on default ofpremium--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 ofpremiums.
- 58-15-37 — Adjusted premiums--Term insurance benefits provided by rider orsupplemental policy.
- 58-15-38 — Adjusted premiums and present values--Computation.
- 58-15-39 — Default in payment of premium--Computation of cash surrender value andpaid-up nonforfeiture benefit.
- 58-15-40 — Additional accident benefits--Premiums disregarded in ascertaining cashsurrender value.
- 58-15-41 — Nonforfeiture benefit provision inapplicable to reinsurance, groupinsurance, annuity contracts, or term insurance.
- 58-15-42 — Notice by company of election to comply with nonforfeiture benefitprovisions--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" defined.
- 58-15-43.3 — Initial calculation of changes in benefits or premiums--Recalculation afterchange.
- 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--Applicableprocedures and tables.
- 58-15-43.9 — Nonforfeiture interest rate per annum.
- 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 annuityinsurance producer of insured.
- 58-15-48 — Prohibited policy provisions--Construction of contract according to lawsof other state or country.
- 58-15-49 — Prohibited policy provisions--Rights and obligations of insured undercontract governed by law of other state.
- 58-15-50 — Prohibited policy provisions--Depriving courts of jurisdiction of actionagainst insurer.
- 58-15-51 — Limitation of action on policy--Minimum time.
- 58-15-52 — Prohibited policy provisions inapplicable to group life insurance, healthinsurance, reinsurance, annuities, and accident benefits under lifeinsurance 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 liabilitybecause of other insurance.
- 58-15-55 — Prohibited policy provisions in industrial life insurance--Right to declarepolicy void because of disease or ailment of insured.
- 58-15-56 — Prohibited policy provisions in industrial life insurance--Right to declarepolicy 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 todeferred annuities under life insurance policies.
- 58-15-59 — Annuities and endowments--Entire agreement contained in contract andapplication.
- 58-15-59.1 — Right of annuitant or purchaser to cancel after receipt of contract--Effectof 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 andapportionment 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 annuitiesor to annuities included in life insurance policies.
- 58-15-68 — Incontestability provisions after reinstatement of life insurance policy orannuity 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 — Repealed.
- 58-15-82 — Uniform life insurance and annuity request forms--Director to adopt byrule--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--Minimumnonforfeiture 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 deathbenefits prior to commencement of payments--Present value calculations.
- 58-15-89 — Election to have payments commence at optional maturity date--Maturitydate used for calculation of benefits.
- 58-15-90 — Contracts without cash surrender benefits or death benefits at least equalto minimum nonforfeiture amount--Statement in contract.
- 58-15-91 — Lapse of time and payments beyond cessation year allowed forcalculations.
- 58-15-92 — Annuity and life insurance benefits in excess of greater of cash surrenderbenefits or return of gross considerations with interest--Minimumnonforfeiture benefits--Additional benefits.
- 58-15-93 — Election to apply provisions of §§ 58-15-83 to 58-15-93 to annuitycontracts--Application of provisions after second anniversary.