South Dakota § 58-15-15.4 - Insurance policy loan--Definition of terms.
Full text of South Dakota South Dakota Codified Laws § 58-15-15.4 — Insurance policy loan--Definition of terms., with citation guidance and answers to common questions.
§ 58-15-15.4. Insurance policy loan--Definition of terms.
For purposes of §§ 58-15-15.5 to 58-15-15.12, inclusive:
(1) The rate of interest on policy loans permitted under §§ 58-15-15.5 to 58-15-15.12, inclusive, includes the interest rate charged on reinstatement of policy loans for the period during and after any lapse of a policy;
(2) The term "policy loan" includes any premium loan made under a policy to pay one or more premiums that were not paid to the life insurer as they fell due;
(3) The term "policyholder" includes the owner of the policy or the person designated to pay premiums as shown on the records of the life insurer; and
(4) The term "policy" includes certificates issued by a fraternal benefit society and annuity contracts which provide for policy loans.
Source: SL 1982, ch 358, § 1.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 58-15-15.4
What does South Dakota Codified Laws § 58-15-15.4 cover?
Section 58-15-15.4 ("Insurance policy loan--Definition of terms.") is part of the South Dakota Codified Laws, the codified statutory law of South Dakota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Dakota § 58-15-15.4?
A common citation format is "South Dakota Codified Laws § 58-15-15.4" (South Dakota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Dakota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Dakota official source linked on this page or consult a licensed South Dakota attorney.
How does South Dakota § 58-15-15.4 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Dakota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Dakota.