South Dakota Statutes
§ 58-15-25 — Participating industrial life insurance policies--Annual participation of policy in divisible surplus.
In participating industrial life insurance policies, in lieu of the provision required in §§ 58-15-23 and 58-15-24 , there shall be a provision that, beginning not later than the end of the fifth policy year, the policy shall participate annually in the divisible surplus, if any, in the manner set forth in the policy.
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South Dakota § 58-15-25 (Participating industrial life insurance policies--Annual participation of policy in divisible surplus.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 1966, ch 111, ch 23, § 8 (2).
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Repealed by SL 2012, ch 252, § 30.§ 58-1-2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.