SDCL § 58-19-6: Maximum amount of credit life insurance.
Where this section sits in the code
- TITLE 58. INSURANCE
- CHAPTER 58-19. CREDIT LIFE, HEALTH, UNEMPLOYMENT AND GROUP PROPERTY INSURANCE
The initial amount of credit life insurance shall not exceed the total amount repayable under the contract of indebtedness and, where an indebtedness is repayable in substantially equal installments, the amount of insurance shall at no time exceed the scheduled or actual amount of unpaid indebtedness, whichever is greater.
Collected 2026-09-03T15:18:57Z. Source file · JSON