Chapter
LIFE INSURANCE AND ANNUITIES
- S.D. Codified Laws § 58-15-1— Application of chapter
- S.D. Codified Laws § 58-15-2— "Industrial life insurance" defined
- S.D. Codified Laws § 58-15-3— Investment of trust funds in life insurance and annuities
- S.D. Codified Laws § 58-15-4— Standard provisions required in policy of life insurance, exceptions
- S.D. Codified Laws § 58-15-5— Standard provisions inapplicable to annuity contract or health or accident benefits
- S.D. Codified Laws § 58-15-6— Standard provisions inapplicable to single premium or term policies
- S.D. Codified Laws § 58-15-7— Description of policy in title
- S.D. Codified Laws § 58-15-8— Entire contract contained in policy and application--Statement of applicant not deemed a warranty
- S.D. Codified Laws § 58-15-8.1— Notice of right of cancellation after receipt of policy--"Free look" provision
- S.D. Codified Laws § 58-15-8.2— Issuance of policies by insurance company or fraternal benefit society--Delivery receipts--Certificates of mailing--Term of retention
- S.D. Codified Laws § 58-15-9— Effect of misstatement in policy regarding age
- S.D. Codified Laws § 58-15-10— Incontestability provision required--Exceptions
- S.D. Codified Laws § 58-15-11— Exclusions and restrictions unaffected by incontestability clause
- S.D. Codified Laws § 58-15-12— Payment of premiums provision
- S.D. Codified Laws § 58-15-13— Grace period in policy
- S.D. Codified Laws § 58-15-14— Automatic premium loan--Provision optional with insurer
- S.D. Codified Laws § 58-15-15— Insurance policy loan--Security--Maximum amount--Private placement policies
- S.D. Codified Laws § 58-15-15.1— 58-15-15.1, 58-15-15.2. Repealed by SL 1982, ch 358, §§ 11, 12
- S.D. Codified Laws § 58-15-15.3— 58-15-15.3. Repealed by SL 1983, ch 13, § 14
- S.D. Codified Laws § 58-15-15.4— Insurance policy loan--Definition of terms
- S.D. Codified Laws § 58-15-15.5— "Published monthly average" defined
- S.D. Codified Laws § 58-15-15.6— Insurance policy loan--Permitted interest rates
- S.D. Codified Laws § 58-15-15.7— Insurance policy loan--Allowable rate under adjustable maximum interest rate
- S.D. Codified Laws § 58-15-15.8— Insurance policy loan--Determination of interest under adjustable maximum interest rate
- S.D. Codified Laws § 58-15-15.9— Insurance policy loan--Notice of interest rate to policyholder
- S.D. Codified Laws § 58-15-15.10— Insurance policy loan--Loan value of policy
- S.D. Codified Laws § 58-15-15.11— Insurance policy loan--Provisions of statutes required in policies
- S.D. Codified Laws § 58-15-15.12— Insurance policy loan--Application of statutes on interest rates to prior contracts
- S.D. Codified Laws § 58-15-15.13— Private placement policy defined
- S.D. Codified Laws § 58-15-15.14— Premium defined
- S.D. Codified Laws § 58-15-16— Loans on policies issued prior to the adoption of standard policy provisions--Loan value--Deferment of application--Private placement policies
- S.D. Codified Laws § 58-15-17— Loans on policies under standard policy provisions--Loan value--Deferment of application--Private placement policies
- S.D. Codified Laws § 58-15-18— Loan value of policy--Indebtedness deducted
- S.D. Codified Laws § 58-15-19— Delinquent interest on policy loan exceeding amount of loan value--Termination of policy, notice
- S.D. Codified Laws § 58-15-20— Policy loan provisions inapplicable to term insurance or industrial life insurance policies
- S.D. Codified Laws § 58-15-21— Nonforfeiture of benefits--Cash surrender value--Provisions required in policies
- S.D. Codified Laws § 58-15-22— Reinstatement provisions required in policy
- S.D. Codified Laws § 58-15-23— Participating policies--Annual dividends, ascertainment, and apportionment
- S.D. Codified Laws § 58-15-24— Participating policies--Rights of policyholder to dividends
- S.D. Codified Laws § 58-15-25— Participating industrial life insurance policies--Annual participation of policy in divisible surplus
- S.D. Codified Laws § 58-15-26— Payment of claims for benefits--Private placement policies
- S.D. Codified Laws § 58-15-26.1— Insurers to pay interest on life insurance proceeds
- S.D. Codified Laws § 58-15-26.2— Computation of interest
- S.D. Codified Laws § 58-15-26.3— Interest not required where beneficiary elects to receive other than lump sum payment
- S.D. Codified Laws § 58-15-26.4— Notice to beneficiary of interest
- S.D. Codified Laws § 58-15-26.5— Application limited
- S.D. Codified Laws § 58-15-27— Beneficiary to be designated in industrial life policy--Change of beneficiary--Endorsement on policy
- S.D. Codified Laws § 58-15-28— Industrial life policy--Payment of benefits
- S.D. Codified Laws § 58-15-29— Installment payments--Table of guaranteed installments required
- S.D. Codified Laws § 58-15-30— Nonforfeiture benefits in policies issued prior to the adoption of standard nonforfeiture law
- S.D. Codified Laws § 58-15-31— Nonforfeiture benefits in policies issued under standard nonforfeiture law
- S.D. Codified Laws § 58-15-32— Nonforfeiture benefit provisions which may be omitted--Deferred payment of cash surrender value--Private placement policies
- S.D. Codified Laws § 58-15-33— Cash surrender value--Amount available under policy on default of premium--Paid-up policy
- S.D. Codified Laws § 58-15-34— Paid-up nonforfeiture benefits--Default in payment of premium
- S.D. Codified Laws § 58-15-35— Adjustment of premiums under nonforfeiture provisions
- S.D. Codified Laws § 58-15-36— Amount of insurance varying with duration of policy--Adjustment of premiums
- S.D. Codified Laws § 58-15-37— Adjusted premiums--Term insurance benefits provided by rider or supplemental policy
- S.D. Codified Laws § 58-15-38— Adjusted premiums and present values--Computation
- S.D. Codified Laws § 58-15-39— Default in payment of premium--Computation of cash surrender value and paid-up nonforfeiture benefit
- S.D. Codified Laws § 58-15-41— Nonforfeiture benefit provision inapplicable to reinsurance, group insurance, annuity contracts, or term insurance
- S.D. Codified Laws § 58-15-42— Notice by company of election to comply with nonforfeiture benefit provisions--Filing with director
- S.D. Codified Laws § 58-15-43— Citation of standard nonforfeiture law for life insurance
- S.D. Codified Laws § 58-15-43.1— Adjusted premiums--Calculation on annual basis
- S.D. Codified Laws § 58-15-43.2— "Nonforfeiture net level premium" defined
- S.D. Codified Laws § 58-15-43.3— Initial calculation of changes in benefits or premiums--Recalculation after change
- S.D. Codified Laws § 58-15-43.4— Recalculated future adjusted premiums
- S.D. Codified Laws § 58-15-43.5— Additional expense allowance
- S.D. Codified Laws § 58-15-43.6— Recalculated nonforfeiture net level premium
- S.D. Codified Laws § 58-15-43.7— Substandard policy--Calculation of adjusted premiums and present value
- S.D. Codified Laws § 58-15-43.8— Adjusted premiums and present values--Calculation--Applicable procedures and tables
- S.D. Codified Laws § 58-15-43.9— Nonforfeiture interest rate
- S.D. Codified Laws § 58-15-43.10— Refiling of nonforfeiture values or methods of computation
- S.D. Codified Laws § 58-15-43.11— Notice of election to comply with revised nonforfeiture
- S.D. Codified Laws § 58-15-43.12— Insurance plans to conform to minimum standards of nonforfeiture laws
- S.D. Codified Laws § 58-15-43.13— Default in payment of premium--Amount of cash surrender value--Amount of nonforfeiture factor--Policies issued after January 1, 1986
- S.D. Codified Laws § 58-15-44— Dating back of application for insurance to reduce premium prohibited--Contract not invalidated
- S.D. Codified Laws § 58-15-45— Excluding or restricting coverage in case of death--Permissible exclusions
- S.D. Codified Laws § 58-15-46— Excluding or restricting coverage in case of death--Return of premiums, adjustment for indebtedness and dividend credits
- S.D. Codified Laws § 58-15-47— Prohibited policy provisions--Person soliciting insurance or annuity insurance producer of insured
- S.D. Codified Laws § 58-15-48— Prohibited policy provisions--Construction of contract according to laws of other state or country
- S.D. Codified Laws § 58-15-49— Prohibited policy provisions--Rights and obligations of insured under contract governed by law of other state
- S.D. Codified Laws § 58-15-50— Prohibited policy provisions--Depriving courts of jurisdiction of action against insurer
- S.D. Codified Laws § 58-15-51— Limitation of action on policy--Minimum time
- S.D. Codified Laws § 58-15-52— Prohibited policy provisions inapplicable to group life insurance, health insurance, reinsurance, annuities, and accident benefits under life insurance policy
- S.D. Codified Laws § 58-15-53— Use of prohibited policy provision which is more favorable to insured
- S.D. Codified Laws § 58-15-54— Prohibited policy provisions in industrial life insurance--Denial of liability because of other insurance
- S.D. Codified Laws § 58-15-55— Prohibited policy provisions in industrial life insurance--Right to declare policy void because of disease or ailment of insured
- S.D. Codified Laws § 58-15-56— Prohibited policy provisions in industrial life insurance--Right to declare policy void because insured rejected for insurance
- S.D. Codified Laws § 58-15-57— Annuity and endowment contracts--Standard provisions required, exceptions
- S.D. Codified Laws § 58-15-58— Standard provisions of annuity and endowment contracts inapplicable to deferred annuities under life insurance policies
- S.D. Codified Laws § 58-15-59— Annuities and endowments--Entire agreement contained in contract and application
- S.D. Codified Laws § 58-15-59.1— Right of annuitant or purchaser to cancel after receipt of contract--Effect of cancellation
- S.D. Codified Laws § 58-15-59.2— Issuance of policies by insurance company or fraternal benefit society--Delivery receipts--Certificates of mailing--Term of retention
- S.D. Codified Laws § 58-15-60— Effect of misstatement of age or sex in annuity or endowment contract
- S.D. Codified Laws § 58-15-61— Incontestability provision in annuity or endowment contract
- S.D. Codified Laws § 58-15-62— Grace period in annuity or endowment contract
- S.D. Codified Laws § 58-15-63— Participating annuity or endowment contract--Ascertainment and apportionment of divisible surplus
- S.D. Codified Laws § 58-15-64— Reinstatement provision required in annuity or endowment contract
- S.D. Codified Laws § 58-15-65— Reversionary annuity contract--Standard provisions
- S.D. Codified Laws § 58-15-66— Reinstatement provision required in reversionary annuity contract
- S.D. Codified Laws § 58-15-67— Reversionary annuity contract provisions inapplicable to group annuities or to annuities included in life insurance policies
- S.D. Codified Laws § 58-15-68— Incontestability provisions after reinstatement of life insurance policy or annuity contract
- S.D. Codified Laws § 58-15-69— Reinstated life insurance policy or annuity contract--Limitation of liability
- S.D. Codified Laws § 58-15-70— Policy settlements by life insurer
- S.D. Codified Laws § 58-15-71— Life insurance policy--Restrictions on issuing and delivering
- S.D. Codified Laws § 58-15-82— Uniform life insurance and annuity request forms--Director to adopt by rule--Insurers to accept
- S.D. Codified Laws § 58-15-83— Plans excluded from application of §§ 58-15-83 to 58-15-93, inclusive
- S.D. Codified Laws § 58-15-84— Provisions required in annuity contracts
- S.D. Codified Laws § 58-15-85— Minimum values based on minimum nonforfeiture amounts--Minimum nonforfeiture amounts defined
- S.D. Codified Laws § 58-15-86— Present value of paid-up annuity benefit--Computation
- S.D. Codified Laws § 58-15-87— Cash surrender benefits--Calculation of minimum--Death benefit
- S.D. Codified Laws § 58-15-88— Contracts without cash surrender benefits--Contracts not providing death benefits prior to commencement of payments--Present value calculations
- S.D. Codified Laws § 58-15-89— Election to have payments commence at optional maturity date--Maturity date used for calculation of benefits
- S.D. Codified Laws § 58-15-90— Contracts without cash surrender benefits or death benefits at least equal to minimum nonforfeiture amount--Statement in contract
- S.D. Codified Laws § 58-15-91— Lapse of time and payments beyond cessation year allowed for calculations
- S.D. Codified Laws § 58-15-92— Annuity and life insurance benefits in excess of greater of cash surrender benefits or return of gross considerations with interest--Minimum nonforfeiture benefits--Additional benefits
- S.D. Codified Laws § 58-15-93— Election to apply provisions of §§ 58-15-83 to 58-15-93 to annuity contracts--Application of provisions after second anniversary
- S.D. Codified Laws § 58-15-94— Applicability of §§ 58-15-94 to 58-15-108
- S.D. Codified Laws § 58-15-95— Definition of terms regarding identification and location of beneficiaries
- S.D. Codified Laws § 58-15-96— Comparison of policies, annuity contracts, and retained asset accounts against DMF
- S.D. Codified Laws § 58-15-97— Semi-annual comparison of lapsed policies, annuity contracts, and retained asset accounts against updated DMF
- S.D. Codified Laws § 58-15-98— Procedures for DMF comparisons--Validation of match
- S.D. Codified Laws § 58-15-99— Exemption of insurer for financial hardship
- S.D. Codified Laws § 58-15-100— Requirements upon receipt of information establishing knowledge of death
- S.D. Codified Laws § 58-15-101— Beneficiary search
- S.D. Codified Laws § 58-15-102— Disclosure of information to assist in search
- S.D. Codified Laws § 58-15-103— Search fees and costs not chargeable to beneficiary
- S.D. Codified Laws § 58-15-104— Provision of claim forms or instructions to beneficiaries
- S.D. Codified Laws § 58-15-105— Request for information about beneficiaries
- S.D. Codified Laws § 58-15-106— Compliance documentation
- S.D. Codified Laws § 58-15-107— Promulgation of rules regarding identification and location of beneficiaries
- S.D. Codified Laws § 58-15-108— Compliance with unclaimed property act