South Dakota Statutes
§ 58-15-39 — Default in payment of premium--Computation of cash surrender value and paid
South Dakota § 58-15-39
This text of South Dakota § 58-15-39 (Default in payment of premium--Computation of cash surrender value and paid) 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 § 58-15-39 (2026).
Text
Any cash surrender value and any paid - up nonforfeiture benefit, available under the policy in the event of default in a premium payment due at any time other than on the policy anniversary, shall be calculated with allowance for the lapse of time and the payment of fractional premiums beyond the last preceding policy anniversary. All values referred to in §§ 58-15-33 to , inclusive, may be calculated upon the assumption that any death benefit is payable at the end of the policy year of death. The net value of any paid - up additions, other than paid - up term additions, may be not less than the amounts used to provide such additions.
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Legislative History
SL 1966, ch 111, ch 23, § 28 (6); SL 1982, ch 357, § 17.
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Repealed by SL 2012, ch 252, § 30.§ 58-1-2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 § 58-15-39, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/58-15-39.