A policy of group life insurance shall contain a provision specifying an equitable adjustment of premiums or of benefits or of both to be made in the event the age of a person insured has been misstated, such provision to contain a clear statement of the method of adjustment to be used.
S.D. Codified Laws § 58-16-33
Misstatement of age of insured--Equitable adjustments of premiums or benefits
Source: SL 1966, ch 111, ch 24, § 3 (5).
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.