South Dakota Statutes
§ 58-19-15 — Termination of insurance prior to maturity date--Refund of amount paid by debtor.
South Dakota·Title 58 INSURANCE·Ch. 58-19 CREDIT LIFE, HEALTH, UNEMPLOYMENT AND GROUP PROPERTY INSURANCE
Each individual policy, or group certificate shall provide that in the event of termination of the insurance prior to the scheduled maturity date of the indebtedness, any refund of an amount paid by the debtor for insurance shall be paid or credited promptly to the person entitled thereto; provided, however, that the director shall prescribe a minimum refund and no refund which would be less than such minimum need be made. The formula to be used in computing such refund shall be promulgated in a rule by the director.
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South Dakota § 58-19-15 (Termination of insurance prior to maturity date--Refund of amount paid by debtor.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 1966, ch 111, ch 27, § 8 (2); SL 1986, ch 22, § 30.
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Repealed by SL 2012, ch 252, § 30.§ 58-1-2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.