South Dakota § 58-15-43.7 Substandard policy--Calculation of adjusted premiums and present value.

South Dakota Statutes

§ 58-15-43.7 — Substandard policy--Calculation of adjusted premiums and present value.

South Dakota § 58-15-43.7

Title 58INSURANCE

Ch. 58-13LIFE INSURANCE AND ANNUITIES

This text of South Dakota § 58-15-43.7 (Substandard policy--Calculation of adjusted premiums and present value.) 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 § 58-15-43.7 (2026).

Text

Notwithstanding any other provisions of §§ 58-15-43.1 to 58-15-43.11 , inclusive, to the contrary, in the case of a policy issued on a substandard basis which provides reduced graded amounts of insurance so that, in each policy year, the policy has the same tabular mortality cost as an otherwise similar policy issued on the standard basis which provides higher uniform amounts of insurance, adjusted premiums, and present values for such substandard policy may be calculated as if it were issued to provide the higher uniform amounts of insurance on the standard basis.

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Notwithstanding any other provisions of §§ 58-15-43.1 to 58-15-43.11 , inclusive, to the contrary, in the case of a policy issued on a substandard basis which provides reduced graded amounts of insurance so that, in each policy year, the policy has the same tabular mortality cost as an otherwise similar policy issued on the standard basis which provides higher uniform amounts of insurance, adjusted premiums, and present values for such substandard policy may be calculated as if it were issued to provide the higher uniform amounts of insurance on the standard basis.