South Dakota Statutes
§ 58-15-27 — Beneficiary to be designated in industrial life policy--Change of beneficiary--Endorsement on policy.
South Dakota § 58-15-27
This text of South Dakota § 58-15-27 (Beneficiary to be designated in industrial life policy--Change of beneficiary--Endorsement on policy.) 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 § 58-15-27 (2026).
Text
An industrial life insurance policy shall have the name of the beneficiary designated thereon with a reservation of the right to change the beneficiary after the issuance of the policy. The policy may also provide that no designation or change of beneficiary shall be binding on the insurer until endorsed on the policy by the insurer, and that the insurer may refuse to endorse the name of any proposed beneficiary who does not appear to the insurer to have an insurable interest in the life of the insured.
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Legislative History
SL 1966, ch 111, ch 23, § 15.
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Repealed by SL 2012, ch 252, § 30.§ 58-1-2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 § 58-15-27, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/58-15-27.