South Dakota Statutes
§ 58-15-15.4 — Insurance policy loan--Definition of terms.
South Dakota § 58-15-15.4
This text of South Dakota § 58-15-15.4 (Insurance policy loan--Definition of terms.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
S.D. Codified Laws § 58-15-15.4 (2026).
Text
For purposes of §§ 58-15-15.5 to 58-15-15.12 , inclusive:
(1)The rate of interest on policy loans permitted under §§ 58-15-15.5 to 58-15-15.12 , inclusive, includes the interest rate charged on reinstatement of policy loans for the period during and after any lapse of a policy;
(2)The term "policy loan" includes any premium loan made under a policy to pay one or more premiums that were not paid to the life insurer as they fell due;
(3)The term "policyholder" includes the owner of the policy or the person designated to pay premiums as shown on the records of the life insurer; and (4) The term "policy" includes certificates issued by a fraternal benefit society and annuity contracts which provide for policy loans.
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Legislative History
SL 1982, ch 358, § 1.
Nearby Sections
15
§ 58-1-1
Citation of title.§ 58-1-11
General saving clause.§ 58-1-13
Severability of provisions.§ 58-1-14
Notice of nonrenewal of policy must be mailed sixty days prior to renewal date--Exceptions.§ 58-1-14.1
Notice of refusal to renew--Thirty§ 58-1-16.1
Applicability of §§ 58-1-18
Repealed by SL 2012, ch 252, § 30.§ 58-1-2
Definition of terms.Cite This Page — Counsel Stack
Bluebook (online)
South Dakota § 58-15-15.4, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/58-15-15.4.