South Dakota § 58-47-11 Immediate termination of insurance.

South Dakota Statutes

§ 58-47-11 — Immediate termination of insurance.

South Dakota § 58-47-11

Title 58INSURANCE

Ch. 58-47PORTABLE ELECTRONICS INSURANCE

This text of South Dakota § 58-47-11 (Immediate termination of 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 § 58-47-11 (2026).

Text

An insurer may immediately terminate an enrolled customer's enrollment under a portable electronics insurance policy:

(1)If the enrolled customer ceases to have an active service with the vendor of portable electronics; or (2) If an enrolled customer exhausts the aggregate limit of liability, if any, under the terms of the portable electronics insurance policy and the insurer sends notice of termination to the enrolled customer within thirty calendar days after exhaustion of the limit. However, if notice is not timely sent, enrollment shall continue notwithstanding the aggregate limit of liability until the insurer sends notice of termination to the enrolled customer.

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An insurer may immediately terminate an enrolled customer's enrollment under a portable electronics insurance policy: (1) If the enrolled customer ceases to have an active service with the vendor of portable electronics; or (2) If an enrolled customer exhausts the aggregate limit of liability, if any, under the terms of the portable electronics insurance policy and the insurer sends notice of termination to the enrolled customer within thirty calendar days after exhaustion of the limit. However, if notice is not timely sent, enrollment shall continue notwithstanding the aggregate limit of liability until the insurer sends notice of termination to the enrolled customer.