South Dakota § 58-15-23 - Participating policies--Annual dividends, ascertainment, and apportionment.
Full text of South Dakota South Dakota Codified Laws § 58-15-23 — Participating policies--Annual dividends, ascertainment, and apportionment., with citation guidance and answers to common questions.
§ 58-15-23. Participating policies--Annual dividends, ascertainment, and apportionment.
There shall be a provision in participating policies that, beginning not later than the end of the third policy year, the insurer shall annually ascertain and apportion the divisible surplus, if any, that will accrue on the policy anniversary or other dividend date specified in the policy provided the policy is in force and all premiums to that date are paid.
Source: SL 1966, ch 111, ch 23, § 8 (1).
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 58-15-23
What does South Dakota Codified Laws § 58-15-23 cover?
Section 58-15-23 ("Participating policies--Annual dividends, ascertainment, and apportionment.") 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 § 58-15-23?
A common citation format is "South Dakota Codified Laws § 58-15-23" (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 § 58-15-23 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.