{"data":{"id":"us-sd/sdcl-58-28-24.1","jurisdiction":"us-sd","citation":"SDCL § 58-28-24.1","heading":"Right of annuitant to cancel--Refund by insurer.","body":"Every individual variable annuity contract issued for delivery in South Dakota on or after July 1, 1978, shall contain a provision, or a notice attached to the contract, to the effect that during a period of ten days from the date the contract is delivered to the contract owner, it may be surrendered to the insurer together with a written request for cancellation of the contract and in such event, the insurer will pay to the contract owner an amount equal to the sum of:\n(1) The difference between the premiums paid and the amounts, if any, allocated to any separate accounts under the contract; and\n(2) The cash value of the contract on the date of surrender attributable to the amounts so allocated.","path":["TITLE 58. INSURANCE","CHAPTER 58-28. SEPARATE LIFE INSURANCE AND ANNUITY ACCOUNTS"],"source_url":"https://sdlegislature.gov/Statutes/58-28-24.1","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"4c7300653071fe4cf593b27d4a67b208e5a140fd4c86e7ef3a9143572bfb36f0","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-58-28-24","next":"us-sd/sdcl-58-28-24.2"},"notice":"GroundRules: Original legal text. Not legal advice."}