Section 58-15-56 - Prohibited policy provisions in industrial life insurance--Right to declarepolicy void because insured rejected for insurance. - South Dakota Statutes

58-15-56. Prohibited policy provisions in industrial life insurance--Right to declare policy void because insured rejected for insurance. No policy of industrial life insurance shall contain any provision giving the insurer the right to declare the policy void because the insured has been rejected for insurance, unless such right be conditioned upon a showing by the insurer that knowledge of such rejection would have led to a refusal by the insurer to make such contract.

Source: SL 1966, ch 111, ch 23, § 27 (3).