South Dakota Statutes

§ 58-15-91 — Lapse of time and payments beyond cessation year allowed for calculations.

South Dakota·Title 58 INSURANCE·Ch. 58-13 LIFE INSURANCE AND ANNUITIES
Any paid - up annuity, cash surrender, or death benefits available at any time, other than on the contract anniversary under any contract with fixed scheduled considerations, shall be calculated with allowance for the lapse of time and the payment of any scheduled considerations beyond the beginning of the contract year in which cessation of payment of considerations under the contract occurs.

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South Dakota § 58-15-91 (Lapse of time and payments beyond cessation year allowed for calculations.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

SL 2004, ch 299, § 10.

Nearby Sections

15
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