State Codes and Statutes

Statutes > South-dakota > Title-58 > Chapter-15 > Statute-58-15-26-3

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.

Source: SL 1987, ch 375, § 3.

State Codes and Statutes

Statutes > South-dakota > Title-58 > Chapter-15 > Statute-58-15-26-3

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.

Source: SL 1987, ch 375, § 3.