58-28-24. Statement included as to variability of benefits.
56 words·~1 min read·
/sd/title-58/chapter-58-28/58-28-24·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Any such contract under which the benefits vary to reflect investment experience, including a group contract and any certificate in evidence of variable benefits issued thereunder, shall state that such dollar amount will so vary and shall contain on its first page a statement to the effect that the benefits thereunder are on a variable basis.