If under the policy, the exact amount of premium is determinable only at stated intervals or at termination of the contract, a statement of the basis and rates upon which the premium is to be determined and paid shall be included.

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Terms Used In South Dakota Codified Laws 58-11-3

  • Contract: A legal written agreement that becomes binding when signed.

Source: SL 1966, ch 111, ch 22, § 16 (2).