South Dakota Codified Laws 58-33-30. Provisions not applicable to life or health insurance or annuities
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Sections 58-33-24 to 58-33-27, inclusive, do not apply to life insurance, health insurance, or annuity contracts.
Terms Used In South Dakota Codified Laws 58-33-30
- Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
Source: SL 1966, ch 111, ch 13, §§ 16 (5), 21 (3); SL 1979, ch 341, § 8.