58-10 INSURABLE INTEREST
Application to all insurance and annuity contracts--Exceptions.
Procurement of insurance on own life or body for benefit of another--Interest
required for insurance on life or body of another.
Insurable interest in personal insurance defined.
Insurance benefits recoverable from beneficiary without insurable interest.
Consent of insured required for life or health insurance on an individual.
Assignment of incidents of ownership under life insurance policy--Assignment
before July 1, 1989, enforceable.
Insurance of property--Insurable interest required.
Insurable interest in property defined.
Measure of insurable interest in property.
Insurance against fire, tornado, or lightning--Measure of damages where property
Change of property interest on death of insured.
Transfer of property interest between joint insureds.
Business trust defined.
Trust to be governed by South Dakota law.
Retroactive effect of statutory provisions regarding trusts.