Chapter 15 - Life Insurance And Annuities
- Section 58-15-1 - Application of chapter.
- Section 58-15-2 - "Industrial life insurance" defined.
- Section 58-15-3 - Investment of trust funds in life insurance and annuities.
- Section 58-15-4 - Standard provisions required in policy of life insurance, exceptions.
- Section 58-15-5 - Standard provisions inapplicable to annuity contract or health or accidentbenefits.
- Section 58-15-6 - Standard provisions inapplicable to single premium or term policies.
- Section 58-15-7 - Description of policy in title.
- Section 58-15-8 - Entire contract contained in policy and application--Statement of applicantnot deemed a warranty.
- Section 58-15-8.1 - Notice of right of cancellation after receipt of policy--"Free look"provision.
- Section 58-15-8.2 - Issuance of policies by insurance company or fraternal benefit society--Delivery receipts--Certificates of mailing--Term of retention.
- Section 58-15-9 - Effect of misstatement in policy regarding age.
- Section 58-15-10 - Incontestability provision required--Exceptions.
- Section 58-15-11 - Exclusions and restrictions unaffected by incontestability clause.
- Section 58-15-12 - Payment of premiums provision.
- Section 58-15-13 - Grace period in policy.
- Section 58-15-14 - Automatic premium loan--Provision optional with insurer.
- Section 58-15-15 - Insurance policy loan--Security--Maximum amount--Private placementpolicies.
- Sections 58-15-15.1, 58-15-15.2 - Repealed
- Section 58-15-15.3 - Repealed.
- Section 58-15-15.4 - Insurance policy loan--Definition of terms.
- Section 58-15-15.5 - "Published monthly average" defined.
- Section 58-15-15.6 - Insurance policy loan--Permitted interest rates.
- Section 58-15-15.7 - Insurance policy loan--Allowable rate under adjustable maximum interestrate.
- Section 58-15-15.8 - Insurance policy loan--Determination of interest under adjustablemaximum interest rate.
- Section 58-15-15.9 - Insurance policy loan--Notice of interest rate to policyholder.
- Section 58-15-15.10 - Insurance policy loan--Loan value of policy.
- Section 58-15-15.11 - Insurance policy loan--Provisions of statutes required in policies.
- Section 58-15-15.12 - Insurance policy loan--Application of statutes on interest rates to priorcontracts.
- Section 58-15-15.13 - Private placement policy defined.
- Section 58-15-16 - Loans on policies issued prior to the adoption of standard policyprovisions--Loan value--Deferment of application--Private placementpolicies.
- Section 58-15-17 - Loans on policies under standard policy provisions--Loan value--Deferment of application--Private placement policies.
- Section 58-15-18 - Loan value of policy--Indebtedness deducted.
- Section 58-15-19 - Delinquent interest on policy loan exceeding amount of loan value--Termination of policy, notice.
- 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
- Section 58-15-22 - Reinstatement provisions required in policy.
- Section 58-15-23 - Participating policies--Annual dividends, ascertainment, andapportionment.
- Section 58-15-24 - Participating policies--Rights of policyholder to dividends.
- Section 58-15-25 - Participating industrial life insurance policies--Annual participation ofpolicy in divisible surplus.
- Section 58-15-26 - Payment of claims for benefits--Private placement policies.
- Section 58-15-26.1 - Insurers to pay interest on life insurance proceeds.
- Section 58-15-26.2 - Computation of interest.
- Section 58-15-26.3 - Interest not required where beneficiary elects to receive other than lumpsum payment.
- Section 58-15-26.4 - Notice to beneficiary of interest.
- Section 58-15-26.5 - Application limited.
- Section 58-15-27 - Beneficiary to be designated in industrial life policy--Change ofbeneficiary--Endorsement on policy.
- Section 58-15-28 - Industrial life policy--Payment of benefits.
- Section 58-15-29 - Installment payments--Table of guaranteed installments required.
- Section 58-15-30 - Nonforfeiture benefits in policies issued prior to the adoption of standardnonforfeiture law.
- Section 58-15-31 - Nonforfeiture benefits in policies issued under standard nonforfeiture law.
- Section 58-15-32 - Nonforfeiture benefit provisions which may be omitted--Deferred paymentof cash surrender value--Private placement policies.
- Section 58-15-33 - Cash surrender value--Amount available under policy on default ofpremium--Paid-up policy.
- Section 58-15-34 - Paid-up nonforfeiture benefits--Default in payment of premium.
- Section 58-15-35 - Adjustment of premiums under nonforfeiture provisions.
- Section 58-15-36 - Amount of insurance varying with duration of policy--Adjustment ofpremiums.
- Section 58-15-37 - Adjusted premiums--Term insurance benefits provided by rider orsupplemental policy.
- Section 58-15-38 - Adjusted premiums and present values--Computation.
- Section 58-15-39 - Default in payment of premium--Computation of cash surrender value andpaid-up nonforfeiture benefit.
- Section 58-15-40 - Additional accident benefits--Premiums disregarded in ascertaining cashsurrender value.
- Section 58-15-41 - Nonforfeiture benefit provision inapplicable to reinsurance, groupinsurance, annuity contracts, or term insurance.
- Section 58-15-42 - Notice by company of election to comply with nonforfeiture benefitprovisions--Filing with director.
- Section 58-15-43 - Citation of standard nonforfeiture law for life insurance.
- Section 58-15-43.1 - Adjusted premiums--Calculation on annual basis.
- Section 58-15-43.2 - "Nonforfeiture net level premium" defined.
- Section 58-15-43.3 - Initial calculation of changes in benefits or premiums--Recalculation afterchange.
- Section 58-15-43.4 - Recalculated future adjusted premiums.
- Section 58-15-43.5 - Additional expense allowance.
- Section 58-15-43.6 - Recalculated nonforfeiture net level premium.
- Sections 58-15-43.7, 58-15-43.8 - Substandard policy--Calculation of adjusted premiums and present value. Adjusted premiums and present values--Calculation--Applicable procedures and tables
- Section 58-15-43.9 - Nonforfeiture interest rate per annum.
- Section 58-15-43.10 - Refiling of nonforfeiture values or methods of computation.
- Section 58-15-43.11 - Notice of election to comply with revised nonforfeiture.
- Section 58-15-43.12 - Insurance plans to conform to minimum standards of nonforfeiture laws.
- Section 58-15-43.13 - Default in payment of premium--Amount of cash surrender value--Amount of nonforfeiture factor--Policies issued after January 1, 1986.
- Section 58-15-44 - Dating back of application for insurance to reduce premium prohibited--Contract not invalidated.
- Section 58-15-45 - Excluding or restricting coverage in case of death--Permissible exclusions.
- Section 58-15-46 - Excluding or restricting coverage in case of death--Return of premiums,adjustment for indebtedness and dividend credits.
- Section 58-15-47 - Prohibited policy provisions--Person soliciting insurance or annuityinsurance producer of insured.
- Section 58-15-48 - Prohibited policy provisions--Construction of contract according to lawsof other state or country.
- Section 58-15-49 - Prohibited policy provisions--Rights and obligations of insured undercontract governed by law of other state.
- Section 58-15-50 - Prohibited policy provisions--Depriving courts of jurisdiction of actionagainst insurer.
- Section 58-15-51 - Limitation of action on policy--Minimum time.
- Section 58-15-52 - Prohibited policy provisions inapplicable to group life insurance, healthinsurance, reinsurance, annuities, and accident benefits under lifeinsurance policy.
- Section 58-15-53 - Use of prohibited policy provision which is more favorable to insured.
- Section 58-15-54 - Prohibited policy provisions in industrial life insurance--Denial of liabilitybecause of other insurance.
- Section 58-15-55 - Prohibited policy provisions in industrial life insurance--Right to declarepolicy void because of disease or ailment of insured.
- Section 58-15-56 - Prohibited policy provisions in industrial life insurance--Right to declarepolicy void because insured rejected for insurance.
- Section 58-15-57 - Annuity and endowment contracts--Standard provisions required,exceptions.
- Section 58-15-58 - Standard provisions of annuity and endowment contracts inapplicable todeferred annuities under life insurance policies.
- Section 58-15-59 - Annuities and endowments--Entire agreement contained in contract andapplication.
- Section 58-15-59.1 - Right of annuitant or purchaser to cancel after receipt of contract--Effectof cancellation.
- Section 58-15-59.2 - Issuance of policies by insurance company or fraternal benefit society--Delivery receipts--Certificates of mailing--Term of retention.
- Section 58-15-60 - Effect of misstatement of age or sex in annuity or endowment contract.
- Section 58-15-61 - Incontestability provision in annuity or endowment contract.
- Section 58-15-62 - Grace period in annuity or endowment contract.
- Section 58-15-63 - Participating annuity or endowment contract--Ascertainment andapportionment of divisible surplus.
- Section 58-15-64 - Reinstatement provision required in annuity or endowment contract.
- Section 58-15-65 - Reversionary annuity contract--Standard provisions.
- Sections 58-15-66, 58-15-67 - Reinstatement provision required in reversionary annuity contract. Reversionary annuity contract provisions inapplicable to group annuities or to annuities included in li
- Section 58-15-68 - Incontestability provisions after reinstatement of life insurance policy orannuity contract.
- Section 58-15-69 - Reinstated life insurance policy or annuity contract--Limitation of liability.
- Section 58-15-70 - Policy settlements by life insurer.
- Section 58-15-71 - Life insurance policy--Restrictions on issuing and delivering.
- Sections 58-15-72 to 58-15-81 - Repealed
- Section 58-15-82 - Uniform life insurance and annuity request forms--Director to adopt byrule--Insurers to accept.
- Section 58-15-83 - Plans excluded from application of §§ 58-15-83 to 58-15-93, inclusive.
- Section 58-15-84 - Provisions required in annuity contracts.
- Section 58-15-85 - Minimum values based on minimum nonforfeiture amounts--Minimumnonforfeiture amounts defined.
- Section 58-15-86 - Present value of paid-up annuity benefit--Computation.
- Section 58-15-87 - Cash surrender benefits--Calculation of minimum--Death benefit.
- Section 58-15-88 - Contracts without cash surrender benefits--Contracts not providing deathbenefits prior to commencement of payments--Present value calculations.
- Section 58-15-89 - Election to have payments commence at optional maturity date--Maturitydate used for calculation of benefits.
- Section 58-15-90 - Contracts without cash surrender benefits or death benefits at least equalto minimum nonforfeiture amount--Statement in contract.
- Section 58-15-91 - Lapse of time and payments beyond cessation year allowed forcalculations.
- Section 58-15-92 - Annuity and life insurance benefits in excess of greater of cash surrenderbenefits or return of gross considerations with interest--Minimumnonforfeiture benefits--Additional benefit