South Dakota § 58-19-4 Forms of credit life insurance and credit health insurance.

South Dakota Statutes

§ 58-19-4 — Forms of credit life insurance and credit health insurance.

South Dakota § 58-19-4

Title 58INSURANCE

Ch. 58-19CREDIT LIFE, HEALTH, UNEMPLOYMENT AND GROUP PROPERTY INSURANCE

This text of South Dakota § 58-19-4 (Forms of credit life insurance and credit health insurance.) 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 § 58-19-4 (2026).

Text

Credit life insurance and credit health insurance shall be issued only in the following forms:

(1)Individual policies of life insurance issued to debtors on the term plan;

(2)Individual policies of health insurance issued to debtors on a term plan or disability benefit provisions in individual policies of credit life insurance;

(3)Group policies of life insurance issued to creditors providing insurance upon the lives of debtors on the term plan;

(4)Group policies of health insurance issued to creditors on a term plan insuring debtors or disability benefit provisions in group credit life insurance policies to provide such coverage.

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Credit life insurance and credit health insurance shall be issued only in the following forms: (1) Individual policies of life insurance issued to debtors on the term plan; (2) Individual policies of health insurance issued to debtors on a term plan or disability benefit provisions in individual policies of credit life insurance; (3) Group policies of life insurance issued to creditors providing insurance upon the lives of debtors on the term plan; (4) Group policies of health insurance issued to creditors on a term plan insuring debtors or disability benefit provisions in group credit life insurance policies to provide such coverage.