This chapter does not apply to insurance policies and every provision in any such policy requiring arbitration or restricting a party thereto or beneficiary thereof from enforcing any right under it by usual legal proceedings in ordinary tribunals or limiting the time to do so is void and unenforceable. However, nothing in this chapter may be deemed to impair the enforcement of or invalidate a contractual provision for arbitration entered into between insurance companies.
S.D. Codified Laws § 21-25A-3
Insurance policies not covered--Arbitration agreements void
Known as the Uniform Arbitration Act
The act spans §§ 21–21 (38 sections).
Applied in 1 court decision — leading case Erickson v. Thrivent Insurance Agency Inc. (2017)
Most recently applied in Erickson v. Thrivent Insurance Agency Inc. (February 2017)
Source: SL 1971, ch 157, § 24; SL 1976, ch 155, § 2; SL 1997, ch 125, § 1.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.