58-28-23. Contract to state procedure for determining amount of variable benefits.
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/sd/title-58/chapter-58-28/58-28-23·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Any contract providing benefits payable in variable amounts delivered or issued for delivery in this state shall contain a statement of the essential features of the procedures to be followed by the insurer in determining the dollar amount of such variable benefits.