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2020 South Dakota Codified Laws
Title 58 - Insurance
Chapter 12 - Insurance Claims And Benefits
Section 58-12-10 - Benefits, rights, privileges, or options nontransferable under annuity contract--Not subject to commutation--Exemption from execution.
Universal Citation: SD Codified L § 58-12-10 (2020)
58-12-10. Benefits, rights, privileges, or options nontransferable under annuity contract--Not subject to commutation--Exemption from execution.
If an annuity contract so provides, the benefits, rights, privileges, or options accruing under such contract to a beneficiary or assignee shall not be transferable nor subject to commutation, and if the benefits are payable periodically or at stated times, the same exemptions and exceptions contained in §§58-12-6 to 58-12-9, inclusive, for the annuitant, shall apply with respect to such beneficiary or assignee.
Source: SL 1966, ch 111, ch 22, §32 (2).
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