Sections 58-15-20, 58-15-21 - Policy loan provisions inapplicable to term insurance or industrial life insurance policies. Nonforfeiture of benefits--Cash surrender value--Provisions required in polic - South Dakota Statutes

58-15-20. Policy loan provisions inapplicable to term insurance or industrial life insurance policies. Sections 58-15-14 to 58-15-19, inclusive, shall not apply to term policies nor to term insurance benefits provided by rider or supplemental policy provisions, or to industrial life insurance policies.

Source: SL 1966, ch 111, ch 23, § 9.