When any life insurance policy or annuity contract is reinstated, such reinstated policy or contract may exclude or restrict liability to the same extent that such liability could have been or was excluded or restricted when the policy or contract was originally issued and such exclusion or restriction shall be effective from the date of reinstatement.
S.D. Codified Laws § 58-15-69
Reinstated life insurance policy or annuity contract--Limitation of liability
Source: SL 1966, ch 111, ch 23, § 31 (2).
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.