Any contract providing benefits payable in variable amounts delivered or issued for delivery in this state shall contain a statement of the essential features of the procedures to be followed by the insurer in determining the dollar amount of such variable benefits.
S.D. Codified Laws § 58-28-23
Contract to state procedure for determining amount of variable benefits
Source: SL 1966, ch 111, ch 6, § 36 (4) as added by SL 1967, ch 131; SDCL, § 58-28-4; SL 1971, ch 266, § 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.