S.D. Codified Laws § 58-15-26.3

Current through the 2024 Legislative Session

Section 58-15-26.3 - Interest not required where beneficiary elects to receive other than lump sum payment

The provisions of § 58-15-26.1 do not require the payment of interest in any case in which the beneficiary elects in writing delivered to the insurer to receive the proceeds of or payments under a life insurance policy by any means other than a lump sum payment.

SDCL 58-15-26.3

SL 1987, ch 375, § 3.