Chapter 15 - LIFE INSURANCE AND ANNUITIES
- Section 58-15-1 - Application of chapter
- Section 58-15-2 - Industrial life insurance defined
- Section 58-15-3 - Investment of trust funds in life insurance and annuities
- Section 58-15-4 - Standard provisions required in policy of life insurance, exceptions
- Section 58-15-5 - Standard provisions inapplicable to annuity contract or health or accident benefits
- Section 58-15-6 - Standard provisions inapplicable to single premium or term policies
- Section 58-15-7 - Description of policy in title
- Section 58-15-8 - Entire contract contained in policy and application-Statement of applicant not deemed a warranty
- Section 58-15-8.1 - Notice of right of cancellation after receipt of policy-"Free look" provision
- Section 58-15-8.2 - Issuance of policies by insurance company or fraternal benefit society-Delivery receipts-Certificates of mailing-Term of retention
- Section 58-15-9 - Effect of misstatement in policy regarding age
- Section 58-15-10 - Incontestability provision required-Exceptions
- Section 58-15-11 - Exclusions and restrictions unaffected by incontestability clause
- Section 58-15-12 - Payment of premiums provision
- Section 58-15-13 - Grace period in policy
- Section 58-15-14 - Automatic premium loan-Provision optional with insurer
- Section 58-15-15 - Insurance policy loan-Security-Maximum amount-Private placement policies
- Section 58-15-15.1, 58-15-15.2 - [Repealed]
- Section 58-15-15.3 - [Repealed]
- Section 58-15-15.4 - Insurance policy loan-Definition of terms
- Section 58-15-15.5 - Published monthly average defined
- Section 58-15-15.6 - Insurance policy loan-Permitted interest rates
- Section 58-15-15.7 - Insurance policy loan-Allowable rate under adjustable maximum interest rate
- Section 58-15-15.8 - Insurance policy loan-Determination of interest under adjustable maximum interest rate
- Section 58-15-15.9 - Insurance policy loan-Notice of interest rate to policyholder
- Section 58-15-15.10 - Insurance policy loan-Loan value of policy
- Section 58-15-15.11 - Insurance policy loan-Provisions of statutes required in policies
- Section 58-15-15.12 - Insurance policy loan-Application of statutes on interest rates to prior contracts
- Section 58-15-15.13 - Private placement policy defined
- Section 58-15-15.14 - Premium defined
- Section 58-15-16 - Loans on policies issued prior to the adoption of standard policy provisions-Loan value-Deferment of application-Private placement policies
- Section 58-15-17 - Loans on policies under standard policy provisions-Loan value-Deferment of application-Private placement policies
- Section 58-15-18 - Loan value of policy-Indebtedness deducted
- Section 58-15-19 - Delinquent interest on policy loan exceeding amount of loan value-Termination of policy, notice
- Section 58-15-20 - Policy loan provisions inapplicable to term insurance or industrial life insurance policies
- Section 58-15-21 - Nonforfeiture of benefits-Cash surrender value-Provisions required in policies
- Section 58-15-22 - Reinstatement provisions required in policy
- Section 58-15-23 - Participating policies-Annual dividends, ascertainment, and apportionment
- Section 58-15-24 - Participating policies-Rights of policyholder to dividends
- Section 58-15-25 - Participating industrial life insurance policies-Annual participation of policy in divisible surplus
- Section 58-15-26 - Payment of claims for benefits-Private placement policies
- Section 58-15-26.1 - Insurers to pay interest on life insurance proceeds
- Section 58-15-26.2 - Computation of interest
- Section 58-15-26.3 - Interest not required where beneficiary elects to receive other than lump sum payment
- Section 58-15-26.4 - Notice to beneficiary of interest
- Section 58-15-26.5 - Application limited
- Section 58-15-27 - Beneficiary to be designated in industrial life policy-Change of beneficiary-Endorsement on policy
- Section 58-15-28 - Industrial life policy-Payment of benefits
- Section 58-15-29 - Installment payments-Table of guaranteed installments required
- Section 58-15-30 - Nonforfeiture benefits in policies issued prior to the adoption of standard nonforfeiture law
- Section 58-15-31 - Nonforfeiture benefits in policies issued under standard nonforfeiture law
- Section 58-15-32 - Nonforfeiture benefit provisions which may be omitted-Deferred payment of cash surrender value-Private placement policies
- Section 58-15-33 - Cash surrender value-Amount available under policy on default of premium-Paid-up policy
- Section 58-15-34 - Paid-up nonforfeiture benefits-Default in payment of premium
- Section 58-15-35 - Adjustment of premiums under nonforfeiture provisions
- Section 58-15-36 - Amount of insurance varying with duration of policy-Adjustment of premiums
- Section 58-15-37 - Adjusted premiums-Term insurance benefits provided by rider or supplemental policy
- Section 58-15-38 - Adjusted premiums and present values-Computation
- Section 58-15-39 - Default in payment of premium-Computation of cash surrender value and paid-up nonforfeiture benefit
- Section 58-15-40 - Additional accident benefits-Premiums disregarded in ascertaining cash surrender value
- Section 58-15-41 - Nonforfeiture benefit provision inapplicable to reinsurance, group insurance, annuity contracts, or term insurance
- Section 58-15-42 - Notice by company of election to comply with nonforfeiture benefit provisions-Filing with director
- Section 58-15-43 - Citation of standard nonforfeiture law for life insurance
- Section 58-15-43.1 - Adjusted premiums-Calculation on annual basis
- Section 58-15-43.2 - Nonforfeiture net level premium determined
- Section 58-15-43.3 - Initial calculation of changes in benefits or premiums-Recalculation after change
- Section 58-15-43.4 - Recalculated future adjusted premiums
- Section 58-15-43.5 - Additional expense allowance
- Section 58-15-43.6 - Recalculated nonforfeiture net level premium
- Section 58-15-43.7 - Substandard policy-Calculation of adjusted premiums and present value
- Section 58-15-43.8 - Adjusted premiums and present values-Calculation-Applicable procedures and tables
- Section 58-15-43.9 - Nonforfeiture interest rate
- Section 58-15-43.10 - Refiling of nonforfeiture values or methods of computation
- Section 58-15-43.11 - Notice of election to comply with revised nonforfeiture
- Section 58-15-43.12 - Insurance plans to conform to minimum standards of nonforfeiture laws
- Section 58-15-43.13 - Default in payment of premium-Amount of cash surrender value-Amount of nonforfeiture factor-Policies issued after January 1, 1986
- Section 58-15-44 - Dating back of application for insurance to reduce premium prohibited-Contract not invalidated
- Section 58-15-45 - Excluding or restricting coverage in case of death-Permissible exclusions
- Section 58-15-46 - Excluding or restricting coverage in case of death-Return of premiums, adjustment for indebtedness and dividend credits
- Section 58-15-47 - Prohibited policy provisions-Person soliciting insurance or annuity insurance producer of insured
- Section 58-15-48 - Prohibited policy provisions-Construction of contract according to laws of other state or country
- Section 58-15-49 - Prohibited policy provisions-Rights and obligations of insured under contract governed by law of other state
- Section 58-15-50 - Prohibited policy provisions-Depriving courts of jurisdiction of action against insurer
- Section 58-15-51 - Limitation of action on policy-Minimum time
- Section 58-15-52 - Prohibited policy provisions inapplicable to group life insurance, health insurance, reinsurance, annuities, and accident benefits under life insurance policy
- Section 58-15-53 - Use of prohibited policy provision which is more favorable to insured
- Section 58-15-54 - Prohibited policy provisions in industrial life insurance-Denial of liability because of other insurance
- Section 58-15-55 - Prohibited policy provisions in industrial life insurance-Right to declare policy void because of disease or ailment of insured
- Section 58-15-56 - Prohibited policy provisions in industrial life insurance-Right to declare policy void because insured rejected for insurance
- Section 58-15-57 - Annuity and endowment contracts-Standard provisions required, exceptions
- Section 58-15-58 - Standard provisions of annuity and endowment contracts inapplicable to deferred annuities under life insurance policies
- Section 58-15-59 - Annuities and endowments-Entire agreement contained in contract and application
- Section 58-15-59.1 - Right of annuitant or purchaser to cancel after receipt of contract-Effect of cancellation
- Section 58-15-59.2 - Issuance of policies by insurance company or fraternal benefit society-Delivery receipts-Certificates of mailing-Term of retention
- Section 58-15-60 - Effect of misstatement of age or sex in annuity or endowment contract
- Section 58-15-61 - Incontestability provision in annuity or endowment contract
- Section 58-15-62 - Grace period in annuity or endowment contract
- Section 58-15-63 - Participating annuity or endowment contract-Ascertainment and apportionment of divisible surplus
- Section 58-15-64 - Reinstatement provision required in annuity or endowment contract
- Section 58-15-65 - Reversionary annuity contract-Standard provisions
- Section 58-15-66 - Reinstatement provision required in reversionary annuity contract
- Section 58-15-67 - Reversionary annuity contract provisions inapplicable to group annuities or to annuities included in life insurance policies
- Section 58-15-68 - Incontestability provisions after reinstatement of life insurance policy or annuity contract
- Section 58-15-69 - Reinstated life insurance policy or annuity contract-Limitation of liability
- Section 58-15-70 - Policy settlements by life insurer
- Section 58-15-71 - Life insurance policy-Restrictions on issuing and delivering
- Section 58-15-72 to 58-15-81 - [Repealed]
- Section 58-15-82 - Uniform life insurance and annuity request forms-Director to adopt by rule-Insurers to accept
- Section 58-15-83 - Plans excluded from application of sections 58-15-83 to 58-15-93, inclusive
- Section 58-15-84 - Provisions required in annuity contracts
- Section 58-15-85 - Minimum values based on minimum nonforfeiture amounts-Minimum nonforfeiture amounts defined
- Section 58-15-86 - Present value of paid-up annuity benefit-Computation
- Section 58-15-87 - Cash surrender benefits-Calculation of minimum-Death benefit
- Section 58-15-88 - Contracts without cash surrender benefits-Contracts not providing death benefits prior to commencement of payments-Present value calculations
- Section 58-15-89 - Election to have payments commence at optional maturity date-Maturity date used for calculation of benefits
- Section 58-15-90 - Contracts without cash surrender benefits or death benefits at least equal to minimum nonforfeiture amount-Statement in contract
- Section 58-15-91 - Lapse of time and payments beyond cessation year allowed for calculations
- Section 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
- Section 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
- Section 58-15-94 - Applicability of sections 58-15-94 to 58-15-108
- Section 58-15-95 - Definition of terms regarding identification and location of beneficiaries
- Section 58-15-96 - Comparison of policies, annuity contracts, and retained asset accounts against DMF
- Section 58-15-97 - Semi-annual comparison of lapsed policies, annuity contracts, and retained asset accounts against updated DMF
- Section 58-15-98 - Procedures for DMF comparisons-Validation of match
- Section 58-15-99 - Exemption of insurer for financial hardship
- Section 58-15-100 - Requirements upon receipt of information establishing knowledge of death
- Section 58-15-101 - Beneficiary search
- Section 58-15-102 - Disclosure of information to assist in search
- Section 58-15-103 - Search fees and costs not chargeable to beneficiary
- Section 58-15-104 - Provision of claim forms or instructions to beneficiaries
- Section 58-15-105 - Request for information about beneficiaries
- Section 58-15-106 - Compliance documentation
- Section 58-15-107 - Promulgation of rules regarding identification and location of beneficiaries
- Section 58-15-108 - Compliance with unclaimed property act