SDCL § 58-28-17: Ownership by insurer--Not a trustee.
Where this section sits in the code
- TITLE 58. INSURANCE
- CHAPTER 58-28. SEPARATE LIFE INSURANCE AND ANNUITY ACCOUNTS
Amounts allocated to a separate account in the exercise of the power granted by this chapter shall be owned by the insurer, and the insurer shall not be, nor hold itself out to be, a trustee with respect to such amounts.
Collected 2026-09-03T15:18:57Z. Source file · JSON