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South Dakota · Through 2026-08-31 · Newer source version available

SDCL § 58-37A-16: Contractual benefits allowed.

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Where this section sits in the code
  1. TITLE 58. INSURANCE
  2. CHAPTER 58-37A. FRATERNAL BENEFIT SOCIETIES

A society may provide the following contractual benefits in any form:

(1) Death benefits;

(2) Endowment benefits;

(3) Annuity benefits;

(4) Temporary or permanent disability benefits;

(5) Hospital, medical, or nursing benefits;

(6) Monument or tombstone benefits to the memory of deceased members; and

(7) Any other benefits as authorized for life and health insurers and which are not inconsistent with this chapter.

A society shall specify in its rules those persons who may be issued, or covered by, the contractual benefits consistent with providing benefits to members and their dependents. A society may provide benefits on the lives of children under the minimum age for adult membership upon application of an adult.

Collected 2026-09-03T15:18:57Z. Source file · JSON

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