South Dakota Codified Laws 58-10-7. Insurance of property–Insurable interest required
Current as of: 2023 | Check for updates
|
Other versions
No contract of insurance of property or of any interest in property or arising from property shall be enforceable as to the insurance except for the benefit of persons having an insurable interest in the things insured as at the time of the loss.
Terms Used In South Dakota Codified Laws 58-10-7
- Contract: A legal written agreement that becomes binding when signed.
- Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2
Source: SL 1966, ch 111, ch 22, § 6 (1).