2013 South Dakota Codified Laws
Title 58 - INSURANCE
Chapter 15 - Life Insurance And Annuities
§ 58-15-25 Participating industrial life insurance policies--Annual participation ofpolicy in divisible surplus.
58-15-25. Participating industrial life insurance policies--Annual participation of policy in divisible surplus. In participating industrial life insurance policies, in lieu of the provision required in §§ 58-15-23 and 58-15-24, there shall be a provision that, beginning not later than the end of the fifth policy year, the policy shall participate annually in the divisible surplus, if any, in the manner set forth in the policy.
Source: SL 1966, ch 111, ch 23, § 8 (2).
Disclaimer: These codes may not be the most recent version. South Dakota may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
