After the third policy year, no dividend otherwise earned shall be made contingent upon the payment of a renewal premium on any participating policy.
S.D. Codified Laws § 58-5-106
Dividends on participating policies not contingent on renewal premiums
Source: SL 1966, ch 111, ch 16, § 32 (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.