Chapter 15. Life Insurance and Annuities
Index
- SDCL 58-15-1 Application of Chapter
- SDCL 58-15-2 "Industrial Life Insurance" Defined
- SDCL 58-15-3 Investment of Trust Funds In Life Insurance and Annuities
- SDCL 58-15-4 Standard Provisions Required In Policy of Life Insurance, Exceptions
- SDCL 58-15-5 Standard Provisions Inapplicable to Annuity Contract Or Health Or Accident Benefits
- SDCL 58-15-6 Standard Provisions Inapplicable to Single Premium Or Term Policies
- SDCL 58-15-7 Description of Policy In Title
- SDCL 58-15-8 Entire Contract Contained In Policy and Application-Statement of Applicant Not Deemed a Warranty
- SDCL 58-15-8.1 Notice of Right of Cancellation After Receipt of Policy-"Free Look" Provision
- SDCL 58-15-8.2 Issuance of Policies By Insurance Company Or Fraternal Benefit Society-Delivery Receipts-Certificates of Mailing-Term of Retention
- SDCL 58-15-9 Effect of Misstatement In Policy Regarding Age
- SDCL 58-15-10 Incontestability Provision Required-Exceptions
- SDCL 58-15-11 Exclusions and Restrictions Unaffected By Incontestability Clause
- SDCL 58-15-12 Payment of Premiums Provision
- SDCL 58-15-13 Grace Period In Policy
- SDCL 58-15-14 Automatic Premium Loan-Provision Optional With Insurer
- SDCL 58-15-15 Insurance Policy Loan-Security-Maximum Amount-Private Placement Policies
- SDCL 58-15-15.1, 58-15-15.2 [Repealed]
- SDCL 58-15-15.3 [Repealed]
- SDCL 58-15-15.4 Insurance Policy Loan-Definition of Terms
- SDCL 58-15-15.5 "Published Monthly Average" Defined
- SDCL 58-15-15.6 Insurance Policy Loan-Permitted Interest Rates
- SDCL 58-15-15.7 Insurance Policy Loan-Allowable Rate Under Adjustable Maximum Interest Rate
- SDCL 58-15-15.8 Insurance Policy Loan-Determination of Interest Under Adjustable Maximum Interest Rate
- SDCL 58-15-15.9 Insurance Policy Loan-Notice of Interest Rate to Policyholder
- SDCL 58-15-15.10 Insurance Policy Loan-Loan Value of Policy
- SDCL 58-15-15.11 Insurance Policy Loan-Provisions of Statutes Required In Policies
- SDCL 58-15-15.12 Insurance Policy Loan-Application of Statutes On Interest Rates to Prior Contracts
- SDCL 58-15-15.13 Private Placement Policy Defined
- SDCL 58-15-15.14 Premium Defined
- SDCL 58-15-16 Loans On Policies Issued Prior to the Adoption of Standard Policy Provisions-Loan Value-Deferment of Application-Private Placement Policies
- SDCL 58-15-17 Loans On Policies Under Standard Policy Provisions-Loan Value-Deferment of Application-Private Placement Policies
- SDCL 58-15-18 Loan Value of Policy-Indebtedness Deducted
- SDCL 58-15-19 Delinquent Interest On Policy Loan Exceeding Amount of Loan Value-Termination of Policy, Notice
- SDCL 58-15-20 Policy Loan Provisions Inapplicable to Term Insurance Or Industrial Life Insurance Policies
- SDCL 58-15-21 Nonforfeiture of Benefits-Cash Surrender Value-Provisions Required In Policies
- SDCL 58-15-22 Reinstatement Provisions Required In Policy
- SDCL 58-15-23 Participating Policies-Annual Dividends, Ascertainment, and Apportionment
- SDCL 58-15-24 Participating Policies-Rights of Policyholder to Dividends
- SDCL 58-15-25 Participating Industrial Life Insurance Policies-Annual Participation of Policy In Divisible Surplus
- SDCL 58-15-26 Payment of Claims For Benefits-Private Placement Policies
- SDCL 58-15-26.1 Insurers to Pay Interest On Life Insurance Proceeds
- SDCL 58-15-26.2 Computation of Interest
- SDCL 58-15-26.3 Interest Not Required Where Beneficiary Elects to Receive Other Than Lump Sum Payment
- SDCL 58-15-26.4 Notice to Beneficiary of Interest
- SDCL 58-15-26.5 Application Limited
- SDCL 58-15-27 Beneficiary to Be Designated In Industrial Life Policy-Change of Beneficiary-Endorsement On Policy
- SDCL 58-15-28 Industrial Life Policy-Payment of Benefits
- SDCL 58-15-29 Installment Payments-Table of Guaranteed Installments Required
- SDCL 58-15-30 Nonforfeiture Benefits In Policies Issued Prior to the Adoption of Standard Nonforfeiture Law
- SDCL 58-15-31 Nonforfeiture Benefits In Policies Issued Under Standard Nonforfeiture Law
- SDCL 58-15-32 Nonforfeiture Benefit Provisions Which May Be Omitted-Deferred Payment of Cash Surrender Value-Private Placement Policies
- SDCL 58-15-33 Cash Surrender Value-Amount Available Under Policy On Default of Premium-Paid-Up Policy
- SDCL 58-15-34 Paid-Up Nonforfeiture Benefits-Default In Payment of Premium
- SDCL 58-15-35 Adjustment of Premiums Under Nonforfeiture Provisions
- SDCL 58-15-36 Amount of Insurance Varying With Duration of Policy-Adjustment of Premiums
- SDCL 58-15-37 Adjusted Premiums-Term Insurance Benefits Provided By Rider Or Supplemental Policy
- SDCL 58-15-38 Adjusted Premiums and Present Values-Computation
- SDCL 58-15-39 Default In Payment of Premium-Computation of Cash Surrender Value and Paid-Up Nonforfeiture Benefit
- SDCL 58-15-40 Additional Accident Benefits-Premiums Disregarded In Ascertaining Cash Surrender Value
- SDCL 58-15-41 Nonforfeiture Benefit Provision Inapplicable to Reinsurance, Group Insurance, Annuity Contracts, Or Term Insurance
- SDCL 58-15-42 Notice By Company of Election to Comply With Nonforfeiture Benefit Provisions-Filing With Director
- SDCL 58-15-43 Citation of Standard Nonforfeiture Law For Life Insurance
- SDCL 58-15-43.1 Adjusted Premiums-Calculation On Annual Basis
- SDCL 58-15-43.2 "Nonforfeiture Net Level Premium" Defined
- SDCL 58-15-43.3 Initial Calculation of Changes In Benefits Or Premiums-Recalculation After Change
- SDCL 58-15-43.4 Recalculated Future Adjusted Premiums
- SDCL 58-15-43.5 Additional Expense Allowance
- SDCL 58-15-43.6 Recalculated Nonforfeiture Net Level Premium
- SDCL 58-15-43.7 Substandard Policy-Calculation of Adjusted Premiums and Present Value
- SDCL 58-15-43.8 Adjusted Premiums and Present Values-Calculation-Applicable Procedures and Tables
- SDCL 58-15-43.9 Nonforfeiture Interest Rate
- SDCL 58-15-43.10 Refiling of Nonforfeiture Values Or Methods of Computation
- SDCL 58-15-43.11 Notice of Election to Comply With Revised Nonforfeiture
- SDCL 58-15-43.12 Insurance Plans to Conform to Minimum Standards of Nonforfeiture Laws
- SDCL 58-15-43.13 Default In Payment of Premium-Amount of Cash Surrender Value-Amount of Nonforfeiture Factor-Policies Issued After January 1, 1986
- SDCL 58-15-44 Dating Back of Application For Insurance to Reduce Premium Prohibited-Contract Not Invalidated
- SDCL 58-15-45 Excluding Or Restricting Coverage In Case of Death-Permissible Exclusions
- SDCL 58-15-46 Excluding Or Restricting Coverage In Case of Death-Return of Premiums, Adjustment For Indebtedness and Dividend Credits
- SDCL 58-15-47 Prohibited Policy Provisions-Person Soliciting Insurance Or Annuity Insurance Producer of Insured
- SDCL 58-15-48 Prohibited Policy Provisions-Construction of Contract According to Laws of Other State Or Country
- SDCL 58-15-49 Prohibited Policy Provisions-Rights and Obligations of Insured Under Contract Governed By Law of Other State
- SDCL 58-15-50 Prohibited Policy Provisions-Depriving Courts of Jurisdiction of Action Against Insurer
- SDCL 58-15-51 Limitation of Action On Policy-Minimum Time
- SDCL 58-15-52 Prohibited Policy Provisions Inapplicable to Group Life Insurance, Health Insurance, Reinsurance, Annuities, and Accident Benefits Under Life Insurance Policy
- SDCL 58-15-53 Use of Prohibited Policy Provision Which Is More Favorable to Insured
- SDCL 58-15-54 Prohibited Policy Provisions In Industrial Life Insurance-Denial of Liability Because of Other Insurance
- SDCL 58-15-55 Prohibited Policy Provisions In Industrial Life Insurance-Right to Declare Policy Void Because of Disease Or Ailment of Insured
- SDCL 58-15-56 Prohibited Policy Provisions In Industrial Life Insurance-Right to Declare Policy Void Because Insured Rejected For Insurance
- SDCL 58-15-57 Annuity and Endowment Contracts-Standard Provisions Required, Exceptions
- SDCL 58-15-58 Standard Provisions of Annuity and Endowment Contracts Inapplicable to Deferred Annuities Under Life Insurance Policies
- SDCL 58-15-59 Annuities and Endowments-Entire Agreement Contained In Contract and Application
- SDCL 58-15-59.1 Right of Annuitant Or Purchaser to Cancel After Receipt of Contract-Effect of Cancellation
- SDCL 58-15-59.2 Issuance of Policies By Insurance Company Or Fraternal Benefit Society-Delivery Receipts-Certificates of Mailing-Term of Retention
- SDCL 58-15-60 Effect of Misstatement of Age Or Sex In Annuity Or Endowment Contract
- SDCL 58-15-61 Incontestability Provision In Annuity Or Endowment Contract
- SDCL 58-15-62 Grace Period In Annuity Or Endowment Contract
- SDCL 58-15-63 Participating Annuity Or Endowment Contract-Ascertainment and Apportionment of Divisible Surplus
- SDCL 58-15-64 Reinstatement Provision Required In Annuity Or Endowment Contract
- SDCL 58-15-65 Reversionary Annuity Contract-Standard Provisions
- SDCL 58-15-66 Reinstatement Provision Required In Reversionary Annuity Contract
- SDCL 58-15-67 Reversionary Annuity Contract Provisions Inapplicable to Group Annuities Or to Annuities Included In Life Insurance Policies
- SDCL 58-15-68 Incontestability Provisions After Reinstatement of Life Insurance Policy Or Annuity Contract
- SDCL 58-15-69 Reinstated Life Insurance Policy Or Annuity Contract-Limitation of Liability
- SDCL 58-15-70 Policy Settlements By Life Insurer
- SDCL 58-15-71 Life Insurance Policy-Restrictions On Issuing and Delivering
- SDCL 58-15-72 to 58-15-81 [Repealed]
- SDCL 58-15-82 Uniform Life Insurance and Annuity Request Forms-Director to Adopt By Rule-Insurers to Accept
- SDCL 58-15-83 Plans Excluded From Application of Sections 58-15-83 to 58-15-93, Inclusive
- SDCL 58-15-84 Provisions Required In Annuity Contracts
- SDCL 58-15-85 Minimum Values Based On Minimum Nonforfeiture Amounts-Minimum Nonforfeiture Amounts Defined
- SDCL 58-15-86 Present Value of Paid-Up Annuity Benefit-Computation
- SDCL 58-15-87 Cash Surrender Benefits-Calculation of Minimum-Death Benefit
- SDCL 58-15-88 Contracts Without Cash Surrender Benefits-Contracts Not Providing Death Benefits Prior to Commencement of Payments-Present Value Calculations
- SDCL 58-15-89 Election to Have Payments Commence At Optional Maturity Date-Maturity Date Used For Calculation of Benefits
- SDCL 58-15-90 Contracts Without Cash Surrender Benefits Or Death Benefits At Least Equal to Minimum Nonforfeiture Amount-Statement In Contract
- SDCL 58-15-91 Lapse of Time and Payments Beyond Cessation Year Allowed For Calculations
- SDCL 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
- SDCL 58-15-93 Election to Apply Provisions of Sections 58-15-83 to 58-15-93 to Annuity Contracts-Application of Provisions After Second Anniversary
- SDCL 58-15-94 Applicability of Sections 58-15-94 to 58-15-108
- SDCL 58-15-95 Definition of Terms Regarding Identification and Location of Beneficiaries
- SDCL 58-15-96 Comparison of Policies, Annuity Contracts, and Retained Asset Accounts Against Dmf
- SDCL 58-15-97 Semi-Annual Comparison of Lapsed Policies, Annuity Contracts, and Retained Asset Accounts Against Updated Dmf
- SDCL 58-15-98 Procedures For Dmf Comparisons-Validation of Match
- SDCL 58-15-99 Exemption of Insurer For Financial Hardship
- SDCL 58-15-100 Requirements Upon Receipt of Information Establishing Knowledge of Death
- SDCL 58-15-101 Beneficiary Search
- SDCL 58-15-102 Disclosure of Information to Assist In Search
- SDCL 58-15-103 Search Fees and Costs Not Chargeable to Beneficiary
- SDCL 58-15-104 Provision of Claim Forms Or Instructions to Beneficiaries
- SDCL 58-15-105 Request For Information About Beneficiaries
- SDCL 58-15-106 Compliance Documentation
- SDCL 58-15-107 Promulgation of Rules Regarding Identification and Location of Beneficiaries
- SDCL 58-15-108 Compliance With Unclaimed Property Act