20:06:38:02Applicability and scope.
Section · Administrative Rules of South Dakota · View on sdlegislature.gov ↗
This chapter applies to all group and individual life policies and certificates sold on or after the effective date of this chapter except the following: (1) Variable life insurance; (2) Individual and group annuity contracts; (3) Credit life insurance; and (4) Life insurance policies with no illustrated death benefits on any individual exceeding $10,000.
Source: 23 SDR 228, effective July 1, 1997.