There is a newer version of the South Dakota Codified Laws
2013 South Dakota Codified Laws
Title 58 - INSURANCE
Chapter 10 - Insurable Interest
§ 58-10-8 Insurable interest in property defined.
SD Codified L § 58-10-8 (2013) What's This?
58-10-8. Insurable interest in property defined. "Insurable interest" as used in §§ 58-10-7 and 58-10-9 means any actual, lawful, and substantial economic interest in the safety or preservation of the subject of the insurance free from loss, destruction, or pecuniary damage or impairment.
Source: SL 1966, ch 111, ch 22, § 6 (2).
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