§ 58-16-1 Forms of group life insurance permitted
§ 58-16-2 Employee group insurance permitted–Beneficiaries
§ 58-16-3 Employees eligible for group insurance
§ 58-16-3.1 Group life insurance authorized for groups to which group health insurance may be issued
§ 58-16-4 Supplemental life coverage
§ 58-16-6 Employee group insurance–Payment of premium
§ 58-16-7 Labor union group insurance permitted
§ 58-16-8 Labor union groups–Members of union eligible
§ 58-16-9 Labor union groups–Amounts based upon plan precluding individual selection
§ 58-16-10 Labor union groups–Minimum number of members required
§ 58-16-11 Labor union group–Payment of premium
§ 58-16-12 Industry fund groups–Insurance of employees or members of unions
§ 58-16-12.1 Classes of industry permitted to form groups
§ 58-16-13 Industry fund groups–Issuance to commercial correspondent prohibited, exception
§ 58-16-14 Industry fund groups–Persons eligible for insurance
§ 58-16-16 Industry fund groups–Minimum number of persons required to be insured
§ 58-16-17 Industry fund groups–Payment of premium
§ 58-16-18 Insurance of employees or members of group against death of dependents
§ 58-16-19 Payment of premium on extended group coverage
§ 58-16-20 Amount of insurance on dependents based upon plan precluding individual selection
§ 58-16-21 Termination of group life policy extended to dependents–Issuance of individual policy to spouse, application and payment of premium
§ 58-16-22 Group life policy extended to dependents–One certificate issued to insured person
§ 58-16-23 Issuance of group life policy to creditor–Purpose
§ 58-16-24 Debtors eligible for insurance under group life policy–Policy may define “debtor”
§ 58-16-25 Number of insureds required for group coverage of debtors–Evidence of insurability–Age exclusions
§ 58-16-26 Payment of premium for group coverage of debtors
§ 58-16-27 Amount of insurance on life of debtor limited
§ 58-16-28 Maximum amount repayable in installments to creditor–Duration of insurance–Limited to amount of unpaid indebtedness
§ 58-16-29 Payment to policyholder as reduction of indebtedness
§ 58-16-30 Association groups–Insurance of members–Minimum number of members required
§ 58-16-31 Standard provisions required for group life insurance policies, exceptions
§ 58-16-32 Copy of application attached to policy–Statements of insured not warranties–Statement by insured, use in contest
§ 58-16-33 Misstatement of age of insured–Equitable adjustments of premiums or benefits
§ 58-16-34 Evidence of individual insurability–Right of insurer to require
§ 58-16-35 Incontestability provision required–Exceptions
§ 58-16-36 Grace period required
§ 58-16-37 Required statement of benefits furnished to insured debtors
§ 58-16-38 Certificate to be delivered to insured
§ 58-16-38.1 Assignment of policy not prohibited–Rights vested in assignee
§ 58-16-39 Termination of employment or membership causing policy to cease–Issuance of individual policy to person entitled thereto, application and payment of premium
§ 58-16-40 Termination of group policy–Issuance of individual policy to insured person, amount of policy
§ 58-16-41 Effect of death of person insured under group policy during period in which entitled to individual policy
§ 58-16-42 Payment of death benefit–Designated beneficiary–Person incurring expenses incident to last illness or death
§ 58-16-43 Chapter inapplicable to prior policies
§ 58-16-44 Insurers to pay interest on life insurance proceeds
§ 58-16-45 Computation of interest
§ 58-16-46 Interest not required where beneficiary elects to receive other than lump sum payment
§ 58-16-47 Notice to beneficiary of interest
§ 58-16-48 Application limited
§ 58-16-49 Carrier and group-type basis defined
§ 58-16-51 Discontinuance of group life insurance policies
§ 58-16-52 Notice of discontinuance
§ 58-16-53 Extension of benefits at discontinuance in the event of total disability
§ 58-16-54 Responsibilities of prior carrier and succeeding carrier upon discontinuance

Terms Used In South Dakota Codified Laws > Title 58 > Chapter 16 - Group Life Insurance Policies

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • 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.
  • 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
  • Children: includes children by birth and by adoption. See South Dakota Codified Laws 2-14-2
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Dependent: A person dependent for support upon another.
  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Fraud: Intentional deception resulting in injury to another.
  • Grace period: The number of days you'll have to pay your bill for purchases in full without triggering a finance charge. Source: Federal Reserve
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • 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
  • written: include typewriting and typewritten, printing and printed, except in the case of signatures, and where the words are used by way of contrast to typewriting and printing. See South Dakota Codified Laws 2-14-2