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2013 South Dakota Codified Laws
Title 58 - INSURANCE
Chapter 10 - Insurable Interest
§ 58-10-12 Transfer of property interest between joint insureds.


SD Codified L § 58-10-12 (2013) What's This?

58-10-12. Transfer of property interest between joint insureds. A transfer of interest by one of several partners, joint owners, or owners in common, who are jointly insured, to the others, does not avoid an insurance of property even though it has been agreed that the insurance shall cease upon an alienation of the thing insured.

Source: SL 1966, ch 111, ch 22, § 8.

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