Section 58-16-44 - Insurers to pay interest on life insurance proceeds.
58-16-44. Insurers to pay interest on life insurance proceeds. Any insurer admitted to transact life insurance in this state shall pay interest on proceeds of, or payments under, any individual or group policy of life insurance which are payable to any beneficiary under a policy issued for delivery in this state.
Source: SL 1987, ch 375, § 1.