South Dakota Codified Laws 58-11-6. Policy not to contain provisions inconsistent with standard or uniform provisions–Substitute provision, approval by director
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No policy shall contain any provision inconsistent with or contradictory to any standard or uniform provision used or required to be used, but the director may approve any substitute provision which is, in his opinion, not less favorable in any particular to the insured or beneficiary than the provisions otherwise required.
Terms Used In South Dakota Codified Laws 58-11-6
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
Source: SL 1966, ch 111, ch 22, § 15 (2).