South Dakota Statutes

§ 58-15-65 — Reversionary annuity contract--Standard provisions.

South Dakota § 58-15-65
JurisdictionSouth Dakota
Title 58INSURANCE
Ch. 58-13LIFE INSURANCE AND ANNUITIES

This text of South Dakota § 58-15-65 (Reversionary annuity contract--Standard provisions.) 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 § 58-15-65 (2026).

Text

Except as stated in § 58-15-67 , no contract for a reversionary annuity shall be delivered or issued for delivery in this state unless it contains in substance each of the provisions specified in §§ 58-15-59 to 58-15-63 , inclusive, except that under § 58-15-62 the insurer may at its option provide for an equitable reduction of the amount of the annuity payments in settlement of an overdue payment in lieu of providing for deduction of such payments from an amount payable upon settlement under the contract.

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Legislative History

SL 1966, ch 111, ch 23, § 25 (1) (a).

Nearby Sections

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Bluebook (online)
South Dakota § 58-15-65, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/58-15-65.