S.D. Codified Laws § 58-17-43
Current with legislation signed by the governor on or before 3/6/2024
The word "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.
SDCL 58-17-43