South Dakota Statutes

§ 58-28-13 — Life insurers authorized to establish separate accounts--Allocations to provide insurance or annuities.

South Dakota·Title 58 INSURANCE·Ch. 58-27 SEPARATE LIFE INSURANCE AND ANNUITY ACCOUNTS
A domestic life insurer, including for the purposes of this chapter all domestic fraternal beneficiary associations, societies or companies which operate on a legal reserve basis may establish one or more separate accounts, and may allocate thereto amounts, including without limitation proceeds applied under optional modes of settlement or under dividend options, to provide for life insurance or annuities, and benefits incidental thereto, payable in fixed or variable amounts or both, subject to §§ 58-28-14 to 58-28-22 , inclusive.

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South Dakota § 58-28-13 (Life insurers authorized to establish separate accounts--Allocations to provide insurance or annuities.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

SL 1966, ch 111, ch 6, § 36 (2); § 36 (1) as amended by SL 1967, ch 131; SDCL, §

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