South Dakota Codified Laws 58-15-101. Beneficiary search
Current as of: 2023 | Check for updates
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If the insurer has not been contacted by a beneficiary within one hundred twenty days of an insurer’s receipt of information establishing the insurer’s knowledge of death, the insurer shall commence a beneficiary search. The beneficiary search shall be completed within one year from the date the insurer received the information.
Terms Used In South Dakota Codified Laws 58-15-101
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
Source: SL 2018, ch 280, § 8.