South Dakota Codified Laws 58-17-20. Omission of provision as to application of premiums accepted in connection with reinstatement–Right of insured to continue policy in force by payment of premiums
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The last sentence of the provision in § 58-17-19 may be omitted from any policy which the insured has the right to continue in force subject to its terms by the timely payment of premiums until at least age fifty, or, in the case of a policy issued after age forty–four, for at least five years from its date of issue.
Terms Used In South Dakota Codified Laws 58-17-20
- insured: as used in this chapter , shall not be construed as preventing a person other than the insured with a proper insurable interest from making application for and owning a policy covering the insured or from being entitled under such a policy to any indemnities, benefits, and rights provided therein. See South Dakota Codified Laws 58-17-43
Source: SL 1966, ch 111, ch 25, § 7.