S.D. Codified Laws § 58-15-15.12

Current through the 2024 Legislative Session
Section 58-15-15.12 - Insurance policy loan-Application of statutes on interest rates to prior contracts

The provisions of §§ 58-15-15.4 to 58-15-15.12, inclusive, do not apply to any insurance contract issued before July 1, 1982, unless the policyholder agrees in writing to the applicability of the provisions. No other provision of the law applies to policy loan interest rates unless specifically applicable to such rates.

SDCL 58-15-15.12

SL 1982, ch 358, § 9.