S.D. Codified Laws § 58-33-59

Cancellation of insurance--Definitions

Known as the Unauthorized Insurers False Advertising Process Act

The act spans §§ 58–58 (145 sections).

Applied in 1 court decision — leading case Sentell v. Farm Mutual Ins. (2021)

Most recently applied in Sentell v. Farm Mutual Ins. (March 2021)

Source: SL 1985, ch 392, § 1; SL 1986, ch 27, § 54; SL 1999, ch 259, § 1; SL 2001, ch 286, § 206.

Terms, used in this section and §§ 58-33-60 to 58-33-65, inclusive, mean:

(1) "Cancellation," termination by the insurer of insurance coverage in whole or in part during the policy term. A policy with no fixed expiration date is considered a policy period or term of one year;

(2) "Insurance," includes those policies of insurance defined in §§ 58-9-5 to 58-9-27, inclusive;

(3) "Nonpayment of premium," the failure of the named insured to discharge any obligation in connection with the payment of premiums on policies of insurance subject to this section and §§ 58-33-60 to 58-33-65, inclusive, whether such payments are directly payable to the insurer or its insurance producer or indirectly payable under a premium finance plan or extension of credit.

Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.