There is a newer version of the South Dakota Codified Laws
2013 South Dakota Codified Laws
Title 58 - INSURANCE
Chapter 16 - Group Life Insurance Policies
§ 58-16-29 Payment to policyholder as reduction of indebtedness.
SD Codified L § 58-16-29 (2013) What's This?
58-16-29. Payment to policyholder as reduction of indebtedness. The insurance under § 58-16-23 shall be payable to the policyholder. Such payment shall reduce or extinguish the unpaid indebtedness of the debtor to the extent of such payment.
Source: SL 1966, ch 111, ch 24, § 1 (2) (e).
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