Any individual variable life insurance or annuity contracts delivered or issued for delivery in this state shall contain grace, reinstatement, and nonforfeiture provisions appropriate to such a contract.
S.D. Codified Laws § 58-28-28
Grace, reinstatement, and nonforfeiture provisions required
Source: SL 1971, ch 266, § 5; SL 1977, ch 412, § 21.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.