South Dakota § 58-15-18 - Loan value of policy--Indebtedness deducted.
Full text of South Dakota South Dakota Codified Laws § 58-15-18 — Loan value of policy--Indebtedness deducted., with citation guidance and answers to common questions.
§ 58-15-18. Loan value of policy--Indebtedness deducted.
The loan value of the policy shall be at least equal to the amount required by § 58-15-16 or 58-15-17, provided that the insurer may deduct, either from such loan value or from the proceeds of the loan, any existing indebtedness not already deducted in determining such amount including any interest then accrued but not due, any unpaid balance of the premium for the current policy year, and interest on the loan to the end of the current policy year.
Source: SL 1966, ch 111, ch 23, § 9.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 58-15-18
What does South Dakota Codified Laws § 58-15-18 cover?
Section 58-15-18 ("Loan value of policy--Indebtedness deducted.") 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 § 58-15-18?
A common citation format is "South Dakota Codified Laws § 58-15-18" (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 § 58-15-18 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.