South Dakota Statutes

§ 58-19-3 — Life and health insurance connected with credit transactions subject to chapter--Exceptions.

South Dakota·Title 58 INSURANCE·Ch. 58-19 CREDIT LIFE, HEALTH, UNEMPLOYMENT AND GROUP PROPERTY INSURANCE
All life insurance and all health insurance in connection with loans or other credit transactions shall be subject to the provisions of this chapter, except such insurance in connection with a loan or other credit transaction of more than ten years' duration; nor shall insurance be subject to the provisions of this chapter where the issuance of such insurance is an isolated transaction on the part of the insurer not related to an agreement or a plan for insuring debtors of the creditor.

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South Dakota § 58-19-3 (Life and health insurance connected with credit transactions subject to chapter--Exceptions.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

SL 1966, ch 111, ch 27, § 2 (2); SL 1970, ch 271.

Nearby Sections

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