The amount of insurance under § 58-16-23 on the life of any debtor may at no time exceed the amount owed by him to the creditor.
S.D. Codified Laws § 58-16-27
Amount of insurance on life of debtor limited
Source: SL 1966, ch 111, ch 24, § 1 (2)(f); SL 1969, ch 138; SL 1987, ch 376.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.