S.D. Codified Laws § 58-15-63

Current through the 2024 Legislative Session

Section 58-15-63 - Participating annuity or endowment contract-Ascertainment and apportionment of divisible surplus

If an annuity or pure endowment contract, other than reversionary, survivorship, or group annuity, is participating, there shall be a provision that the insurer shall annually ascertain and apportion any divisible surplus accruing on the contract.

SDCL 58-15-63

SL 1966, ch 111, ch 23, § 23.