A contract that does not provide cash surrender benefits or does not provide death benefits at least equal to the minimum nonforfeiture amount prior to the commencement of any annuity payments shall include a statement in a prominent place in the contract that such benefits are not provided.
S.D. Codified Laws § 58-15-90
Contracts without cash surrender benefits or death benefits at least equal to minimum nonforfeiture amount--Statement in contract
Source: SL 2004, ch 299, § 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.