Sections 58-15-14 to 58-15-19, inclusive, shall not apply to term policies nor to term insurance benefits provided by rider or supplemental policy provisions, or to industrial life insurance policies.
S.D. Codified Laws § 58-15-20
Policy loan provisions inapplicable to term insurance or industrial life insurance policies
Source: SL 1966, ch 111, ch 23, § 9.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.