South Dakota Statutes
§ 58-15-15.8 — Insurance policy loan--Determination of interest under adjustable maximum interest rate.
South Dakota § 58-15-15.8
This text of South Dakota § 58-15-15.8 (Insurance policy loan--Determination of interest under adjustable maximum interest rate.) 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 § 58-15-15.8 (2026).
Text
The maximum rate of interest for each policy shall be determined at regular intervals at least once every twelve months, but not more frequently than once in any three - month period. At the intervals specified in the policy, the rate being charged may be increased whenever such increase as determined under an adjustable maximum interest rate would increase that rate by one - half percent or more per year. The rate being charged must be reduced whenever such reduction as determined under § 58-15-15.7 would decrease that rate by one - half percent or more per year.
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Legislative History
SL 1982, ch 358, § 5.
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Repealed by SL 2012, ch 252, § 30.§ 58-1-2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 § 58-15-15.8, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/58-15-15.8.