South Dakota Codified Laws > Title 58 > Chapter 11A – Life and Health Policy Language Simplification


§ 58-11A-1	Definitions
§ 58-11A-2	Policies subject to chapter
§ 58-11A-3	Reading ease–Printing–Style–Index or table of contents
§ 58-11A-4	Alternate reading ease tests
§ 58-11A-5	Certificate concerning reading ease–Additional information–Evaluation of attachments topolicy
§ 58-11A-6	Variation of reading ease requirement–Grounds
§ 58-11A-7	Other laws governing policy contents
§ 58-11A-8	Dates after which policies must comply with this chapter–Extension

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Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
Contract: A legal written agreement that becomes binding when signed.
Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
State: when used in context signifying a jurisdiction other than the State of South Dakota, a state, the District of Columbia, a territory, commonwealth, or possession of the United States of America, or a province of the Dominion of Canada. See South Dakota Codified Laws 58-1-2