South Dakota Statutes

§ 58-10-6 — Consent of insured required for life or health insurance on an individual.

South Dakota·Title 58 INSURANCE·Ch. 58-10 INSURABLE INTEREST

No life or health insurance contract upon an individual, except a contract of group life insurance or of group or blanket health insurance, shall be made or become effective unless at the time of the making of the contract such individual applies therefor or has consented thereto in writing, except in the following cases:

(1)A spouse may effectuate such insurance upon the other spouse.
(2)Any person having an insurable interest in the life of a minor, or any person upon whom a minor is dependent for support and maintenance, may effectuate insurance upon the life of or pertaining to such minor.
(3)Family policies may be issued insuring any two or more members of a family on an application signed by either parent, a stepparent, or by a husband or wife.

Free access — add to your briefcase to read the full text and ask questions with AI

South Dakota § 58-10-6 (Consent of insured required for life or health insurance on an individual.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

SL 1966, ch 111, ch 22, § 9.

Nearby Sections

15
View on official source ↗