South Dakota Codified Laws 58-15-48. Prohibited policy provisions–Construction of contract according to laws of other state or country
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No policy of life insurance shall be delivered or issued for delivery in this state if it contains any provision that the contract is to be construed according to the laws of any other state or country.
Terms Used In South Dakota Codified Laws 58-15-48
- Contract: A legal written agreement that becomes binding when signed.
- State: when used in context signifying a jurisdiction other than the State of South Dakota, a state, the District of Columbia, a territory, commonwealth, or possession of the United States of America, or a province of the Dominion of Canada. See South Dakota Codified Laws 58-1-2
Source: SL 1966, ch 111, ch 23, § 26 (1) (c).