SDCL § 58-33-21: Reduced rate permitted for life or health insurance policies or annuity contracts on payroll deduction plan.

Nothing in §§ 58-33-14 and 58-33-15 shall be construed as including within the definition of discrimination or rebates, issuing life or health insurance policies or annuity contracts on a salary savings or payroll deduction plan or other distribution plan at reduced rate reasonably commensurate with the savings made by the use of such plan.